Galaxy Digital Launches Prediction-Market Desk After $10 Million Event Swap

3 articles · Updated · Bloomberg · Jun 2

$10 million is the size of Galaxy Digital's first disclosed prediction-market OTC trade, a May wager with crypto hedge fund Arca on whether the Digital Asset Market Clarity Act of 2025 passes Congress.
Galaxy said the new desk is designed to give large investors access to prediction markets through over-the-counter derivatives rather than exchange-style contracts on venues such as Kalshi or Polymarket.
The product is an OTC event swap — a bilateral contract structure that mirrors prediction-market bets while using derivatives tools already familiar from interest-rate and commodities markets.
The launch extends Galaxy Derivatives, the firm's swap-dealer arm, into a niche that could draw institutional money into political and regulatory event trading.

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