Galaxy Digital Targets Prediction Markets with New Liquidity Push Across Polymarket and Kalshi

Highlights:

• Galaxy Digital has begun talks with major platforms as prediction markets record higher trading activity.
• Kalshi overtakes Polymarket in monthly volumes as regulated event markets attract more traders.
• Galaxy Digital targets prediction market growth as institutions expand support for event-based trading platforms.

Galaxy Digital has begun talks with Polymarket and Kalshi about supplying liquidity to their prediction markets. The move marks a clear expansion push as the firm explores new market-making opportunities. Mike Novogratz confirmed the discussions and said the company already runs small tests to measure initial activity. He noted that the firm aims to scale its participation if early results show stable demand. Galaxy Digital continues to search for new opportunities as competition increases across the digital asset sector.

Galaxy Digital CEO Mike Novogratz said the company is in discussions with both Polymarket and Kalshi about supplying liquidity to their prediction markets. Galaxy has already begun limited market-making trials and intends to scale them up. Meanwhile, Jump Trading has also begun… pic.twitter.com/zLHDnNTz1D

— Jk Jakaria Mir (@Mdjakaria18892) November 25, 2025

The talks highlight a strategic shift toward markets that link information and trading. Prediction markets allow users to buy and sell contracts tied to specific outcomes. Prices update in real time and show the implied probability of each result.

Novogratz said Galaxy Digital plans to support tighter spreads and stronger depth across the two platforms. Liquidity providers are used to provide regular bids and offers so that users can easily enter and exit trades. The company believes that this is an opportunity to venture into an industry where there is minimal institutional presence.

Galaxy Digital has strengthened its position in public markets this year. The firm listed shares on Nasdaq in May under the ticker GLXY. The listing opened the door to new investors who track digital asset firms. The push toward prediction markets builds on that momentum at a time of rising competition across the industry.

Galaxy Digital Targets Prediction Market Liquidity Amid Rising Trading Volumes

Prediction markets have gained traction as traders look for simple event-based contracts. Polymarket and Kalshi now lead the sector with a combined lifetime volume of $42.4 billion. Polymarket first gained attention due to heavy interest in political-event trading. However, Kalshi has overtaken it in monthly volume since September. The shift shows how regulated platforms can attract larger trading flows as markets mature.

Both platforms also report a rise in activity from users who track economic data, cultural topics, and corporate events. Analysts at Bernstein say prediction markets are turning into broader information markets. Activity now spreads across new areas that include financial indicators and economic metrics. This trend has pushed demand for stronger liquidity support.

Polymarket and Kalshi have also secured partners that help expand their reach. The platforms have signed contracts with Galaxy Digital, Google Finance, and the National Hockey League. These collaborations make the exchanges more visible to new audiences. They also help attract market makers who want stable order flow.

Prediction markets' path from fringe to mainstream finance:

Google Finance is integrating real-time prediction market data from Kalshi and Polymarket, the two biggest platforms in the space.

This marks another step toward mainstream adoption.

Market odds on major economic and… pic.twitter.com/sUqtksVaH9

— Jonaso (@Jonasoeth) November 10, 2025

Major firms are preparing to enter the sector as volumes increase. Gemini announced plans to launch its own platform. CME Group also released a roadmap of a similar product, which targets event-based markets. These plans indicate the increased interest of big financial institutions. The sector now sees new demand from users who want simple binary contracts with clear outcomes.

Institutions Step In as Event-Based Markets Attract New Capital

New capital continues to enter the space as prediction markets gain acceptance. Intercontinental Exchange recently backed Polymarket in a deal worth up to $2 billion. The investment values the platform at $9 billion after funding. Trump Media and Crypto.com have also launched “Truth Predict,” which targets users who trade on political events. These moves signal expanding institutional interest in event-driven trading.

Prediction markets are currently only supplied by a handful of Wall Street firms, such as Susquehanna International Group and Jump Trading. Galaxy Digital has an opportunity to grow given that operations are increasing in new categories.