Galaxy Digital opens OTC prediction market derivatives desk for institutional investors
Galaxy Digital Inc. (Nasdaq: GLXY) launched an institutional over-the-counter prediction markets trading desk through its Global Markets division on June 2, 2026. The crypto finance conglomerate is offering bespoke OTC derivatives that give large investors customized terms and larger ticket sizes than retail prediction-market platforms typically allow. The desk aims to bridge traditional finance clients with event-contract markets that have historically been difficult for institutional investors to access at scale. The offering targets institutional clients rather than retail users, marking Galaxy's expansion into event contracts as the asset class gains traction with professional investors.
Any hedge fund already clearing through Galaxy Digital can now access prediction-market exposure as a standard OTC derivative without new counterparty agreements. The bespoke structure and larger ticket sizes separate Galaxy's offering from retail platforms, giving it a direct institutional channel distinct from its existing Kalshi prime brokerage.
Becomes fourth institutional market-maker or prime-broker desk to enter prediction markets after Wintermute, FalconX for Polymarket, and Galaxy's own Kalshi unit, cementing crypto-native infrastructure firms as the dominant institutional on-ramp for event-contract exposure.