Jump Trading Acquires Stakes in Kalshi and Polymarket
Bloomberg reported that Kalshi and Polymarket gave equity to Jump Trading in exchange for market making on Monday.
The sources did not disclose the amount of equity in either company. However, Bloomberg reported that the equity stake in Polymarket will increase depending on Jump Trading’s trading activity on Polymarket US.
Jump Trading is a high-frequency trading firm that also launched a crypto arm in 2021. Prediction markets are a large and growing presence in trad-fi and crypto spaces. Jump Trading is the latest company to get a piece of Kalshi and Polymarket’s multi-billion-dollar businesses.
The revelations about Jump Trading follow a strong showing from prediction markets during the Super Bowl.
Prediction markets’ strong Super Bowl
Collectively, prediction markets generated $3 billion in trade volume on the Super Bowl winner. Kalshi alone closed $1 billion across its Super Bowl markets. By comparison, Kalshi generated $400 million in trade volume on the 2024 presidential race.
The SuperBowl of Prediction Markets by Moneyline Notional Volume.
Moneyline Notional Volume:
1. @Kalshi – $500.1m
2. @opinionlabsxyz – $207.7m
3.@Polymarket – $55.26m
4. @predictdotfun – $16.6m
5. @SX_Bet – $488.6K
6. @PredictBase – $75K
7. @MyriadMarkets – $18.1KPrediction… pic.twitter.com/rRz8TvMRKW
— Predictefy (@Predictefy) February 9, 2026
March Madness is the next major event for prediction markets interested in engaging new retail traders. Kalshi’s market on the 2026 Men’s champion already has over $20 million in trade volume, which will rise as contracts settle and live trading occurs.
Despite ongoing legal battles with state gaming regulators, prediction markets seem secure in their sports contracts. Part of that confidence could be coming from the new CFTC leadership.
Thinning layer of CFTC lawyers
On Monday, Barrons journalist Nick Devor broke the news that only one CFTC enforcement attorney remained in the agency’s Chicago office. That final attorney also resigned on Monday. The lawyers alleged retaliation for their reputation for robust enforcement.
SCOOP: There’s only one enforcement attorney left at the CFTC’s Chicago office.
Known as a group of heavy-hitters, attorneys and investigators in the Chicago office have had a role in most major CFTC enforcement actions since the birth of the agency in 1975. In recent months,…
— Nick Devor (@nickdevor_) February 9, 2026
The CFTC’s Chairman, Michael Selig, has also come out in favor of sports contracts and the CFTC’s exclusive jurisdiction over them. Selig even mocked AOC’s concerns about the rapid expansion of Kalshi and Polymarket.
As prediction markets head into March Madness and look ahead to the midterm elections, the industry seems confident in the security of its most controversial products.