$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

More coverage

Explore the topic

More on Prediction Markets

Crypto's onchain experiments are shutting down or pivoting as viable markets narrow to memecoins, perps, prediction markets, stablecoins, and RWAs

Crypto's onchain experiments are shutting down or pivoting as viable markets narrow to memecoins, perps, prediction markets, stablecoins, and RWAs

𝕏/@FourPillarsFP ·

MetaMask adds NFL team prediction markets for the 2025 season

MetaMask adds NFL team prediction markets for the 2025 season

𝕏/@MetaMask ·

ProphetX brings CFTC-regulated sports prediction markets to Solana via Agg Market partnership

ProphetX brings CFTC-regulated sports prediction markets to Solana via Agg Market partnership

Prnewswire ·

Umia tests whether prediction markets can govern companies, not just forecast for them

Umia tests whether prediction markets can govern companies, not just forecast for them

insights4vc.substack ·

Robinhood partners with OG.com for prediction markets infrastructure, takes equity stake in exchange engine

Robinhood partners with OG.com for prediction markets infrastructure, takes equity stake in exchange engine

𝕏/@OG_com ·

Robinhood and Crypto.com partner to launch prediction markets and staking services

Robinhood and Crypto.com partner to launch prediction markets and staking services

archive.ph ·

Explore the full feed

Comments

Up nextStonk Options launches Solana tokens that pay verified employees in tokenized stock