Galaxy Digital Launches Prediction-Market Desk, Places $10 Million Arca Bet on Crypto Bill
Updated
Updated · Bloomberg · Jun 2
Galaxy Digital Launches Prediction-Market Desk, Places $10 Million Arca Bet on Crypto Bill
1 articles · Updated · Bloomberg · Jun 2
$10 million is the size of Galaxy Derivatives' first disclosed prediction-market OTC event swap, a May wager with crypto hedge fund Arca on whether the Digital Asset Market Clarity Act of 2025 passes Congress.
Galaxy Digital said the new desk is designed to give large investors access to prediction markets through bilateral over-the-counter derivatives rather than exchange-style contracts.
The product mirrors event contracts already seen on platforms such as Kalshi and Polymarket, but packages them in a format more familiar to institutional users of swaps in rates and commodities.
The launch extends prediction markets deeper into institutional crypto finance, tying speculative demand to the fate of a major U.S. digital-asset bill.