Galaxy Digital Invests in Prediction Markets, Aims for Liquidity Provider Role

Galaxy Digital, the crypto-focused financial services firm led by Mike Novogratz, is entering the rapidly growing world of prediction markets with plans to become a liquidity provider on platforms like Polymarket and Kalshi Inc. According to comments from Novogratz and reports by Bloomberg, Galaxy has already conducted small-scale market-making experiments on these prediction platforms and now aims to expand its involvement as demand increases among both retail traders and traditional financial institutions.