Galaxy Digital is exploring becoming a market maker for the prediction market platforms Polymarket and Kalshi.

On November 25, according to Bloomberg, Galaxy Digital Inc. is in discussions with Polymarket and Kalshi Inc. about becoming a liquidity provider on their platforms, as the prediction market sector continues to attract retail demand and spark interest from Wall Street, driving up the sector's popularity. Mike Novogratz, founder of Galaxy Digital, stated in an interview that Galaxy Digital has always focused on providing crypto infrastructure for institutions. If they enter as a market maker, they will provide regular quotes on these prediction trading platforms to enhance platform liquidity. He said, "We are conducting small-scale experiments with market making in prediction markets, but I think eventually you will see us providing broader liquidity."