Galaxy Digital unveils institutional OTC prediction trading, executes $10M Arca deal
GLXY•Galaxy Digital launched institutional OTC prediction markets trading on Kalshi and Polymarket, offering hedge funds multi-asset event-driven hedging strategies. It executed a $10 million bilateral CLARITY Act trade with Arca and plans to extend the service to more platforms.
1. Launch of OTC Prediction Markets Trading
Galaxy Digital’s Global Markets desk now offers institutional clients over-the-counter access to prediction markets on non-sports events via Kalshi and Polymarket. The service caters to hedge funds, family offices and other institutions seeking discretion and scale unavailable through retail interfaces.
2. Execution of $10 Million CLARITY Act Trade
The new desk facilitated a $10 million bilateral trade with crypto-native hedge fund Arca, enabling a precise position on the CLARITY Act passage. This inaugural transaction demonstrates the desk’s capability to warehouse risk and execute large-scale event-driven trades efficiently.
3. Multi-Asset Hedging and Expansion Plans
Clients can pair prediction market positions with hedges in equities, commodities and other assets to construct comprehensive risk strategies around single events. Galaxy intends to broaden coverage to additional platforms, aiming to deepen liquidity and institutional participation across geopolitics, economics and other event-driven markets.
