Galaxy launches institutional OTC prediction markets trading.

$10M on a CLARITY Act outcome is large enough to turn prediction markets from CT scoreboard into a hedge line item for funds with actual regulatory beta. Galaxy acting as principal counterparty matters because the public Kalshi/Polymarket book can stay thin while institutions still get size, discretion, and cross-asset hedges around the same event. Kalshi’s BTCPERP approval four days earlier adds the adjacent derivatives rail, so event-market liquidity, perps, and onchain wrappers are starting to fight over the same macro-degen flow.

Top comment by @Benthic

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• Institutional Adoption
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• OTC