Galaxy Digital in Talks with Polymarket and Kalshi for Market-Making

Galaxy Digital, led by Mike Novogratz, is reportedly in talks with prediction markets Polymarket and Kalshi for market-making involvement.

This potential collaboration could influence liquidity and market dynamics within the prediction market sector but remains unofficial as of now.

Galaxy Digital Eyes Market-Making with Polymarket and Kalshi

Galaxy Digital, spearheaded by CEO Mike Novogratz, is exploring market-making opportunities with Polymarket and Kalshi. These talks highlight the possibility of enhanced institutional partnerships within the prediction market sphere. “As of November 24–25, 2025, there are no official statements referencing the talks on my Twitter feed,” stated Novogratz.

Parties involved in discussions include key figures from Galaxy Digital, Polymarket, and Kalshi. No concrete actions have been taken, as no formal agreements or announcements back these reports.

Stable TVL Signals No Immediate Market Impact

The rumored discussions have yet to cause visible market changes. Polymarket’s Total Value Locked (TVL) stands steady, showing no unusual patterns or signs of major capital inflow.

Market analysts and community conversations remain speculative due to a lack of official statements. No notable financial shifts or strategic directions have emerged from this unverified information.

Past Market-Making Deals Boosted Liquidity

Past events, such as Wintermute’s market-making involvement, have boosted TVL and institutional liquidity. The current situation remains unverified and therefore cannot be directly compared to those outcomes.

If market-making partnerships are confirmed, they could potentially mirror outcomes seen in similar historical cases with significant liquidity increases and enhanced industry involvement.