Galaxy Digital opens $10M OTC prediction markets desk with Arca
Galaxy Digital launched an institutional over-the-counter prediction markets trading desk on June 2, 2026, executing a $10 million inaugural trade with crypto investment firm Arca on Kalshi tied to the CLARITY Act, a proposed US crypto regulation bill. The desk, operating through Galaxy's Global Markets unit, offers institutional clients structured exposure to event contracts alongside hedges in equities, commodities, and other traditional assets. Galaxy plans to trade on both Kalshi and Polymarket and expand to additional venues, according to Galaxy Digital Assets Global Co-Jason Urban. The offering targets large investors seeking portfolio-integrated exposure to legislative and economic outcomes outside retail-facing platforms, with Arca serving as the desk's first client.
Any competing prediction-market venue without a dedicated institutional OTC desk now trails Galaxy, DRW, Wintermute, and IMC on execution quality for block-size orders. Kalshi and Polymarket's reliance on these four market makers concentrates pricing power in a handful of crypto-native dealers.
Joins DRW, Wintermute, and IMC in building dedicated prediction-market desks for Kalshi and Polymarket, making Galaxy the fourth major institutional market maker to commit capital and pricing infrastructure to regulated event-contract venues.