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Galaxy launches institutional prediction-market trading and completes $10m Arca deal

Deals & M&A

Galaxy Digital launched an over-the-counter prediction-market trading service for institutional clients and completed a $10 million trade with hedge fund Arca tied to the proposed US CLARITY Act, the company said. The service initially covers non-sports contracts traded on Kalshi and Polymarket; Galaxy acted as principal counterparty in the transaction.

The service gives institutional clients access to prediction-market contracts through bilateral trading.

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Deals & M&A

Gemini and Apex plan crypto prediction-market brokerage distribution deal

Gemini and Apex Fintech Solutions signed a letter of intent to distribute Gemini’s crypto event contracts to brokerage customers. Under the proposed arrangement, Gemini Titan would be the exclusive CFTC-regulated venue for crypto contracts offered through Apex’s Futures Commission Merchant, while other contract categories could be developed on a non-exclusive basis. The companies expect to finalise details in the coming weeks.

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