Galaxy Digital CEO Mike Novogratz has reportedly stated that the firm is in discussions with major prediction markets, including Polymarket and Kalshi, to provide liquidity. The firm has already commenced small-scale market-making experiments in this sector with intentions to expand its operations significantly. This move comes amid a surge in popularity for prediction markets, driven largely by political forecasting and economic event betting. The entry of Galaxy Digital—a major crypto-native financial services firm—alongside reports that Jump Trading has also begun market-making, signals a critical shift toward the institutionalization of the sector. These firms aim to bring professional, robust trading infrastructure to meet the growing demand from Wall Street and retail traders alike. [Update 1] Further reports confirm Galaxy Digital's specific negotiations with Polymarket and Kalshi, emphasizing the firm's intent to capitalize on the growing demand for robust trading infrastructure in prediction markets.