Galaxy Digital Inc. (NASDAQ: $GLXY) has launched institutional over-the-counter prediction-market trading, giving hedge funds, family offices and other large clients a more private way to trade event contracts at scale.
The offering runs through Galaxy’s Global Markets trading desk and is designed to give institutions access to liquidity that is difficult to reach through retail-facing prediction market interfaces. Galaxy said the desk will initially cover non-sports event contracts traded on Kalshi and Polymarket, spanning economic, political, geopolitical and other event-driven markets, with plans to add more platforms over time.
Galaxy is also positioning the product as more than simple event-contract access. The company said it can pair prediction market positions with hedges in equities, commodities and other assets, allowing clients to build broader strategies around a single outcome rather than managing exposures across separate venues.
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The desk has already executed a $10 million trade with Arca, a crypto-native hedge fund, on outcomes tied to the passage of the CLARITY Act. The trade was facilitated bilaterally through Galaxy’s OTC desk and gives the company an early reference point as it tries to bring more block-size activity into a market that has mostly grown through consumer platforms.
Jason Urban, Galaxy’s global co-head of digital assets, said event-driven markets are becoming “core” to how sophisticated investors express macro views, adding that the category needs institutional infrastructure to match.
Arca framed the trade around a narrower use case. Chief investment officer Jeff Dorman said prediction markets are one of the most appropriate vehicles for hedging CLARITY-related exposure, but current market liquidity is not always deep enough for larger funds.
Galaxy said it will conduct the activity only with institutional counterparties and evaluate offerings on a jurisdiction-by-jurisdiction basis.
The product adds another institutional trading line for Galaxy as prediction markets become a larger bridge between crypto-native activity, macro hedging and regulated financial infrastructure.
Galaxy Digital Inc. (NASDAQ: GLXY) is currently trading at $30.23 U.S. per share.