PANews reported on June 2nd that, according to The Block, Galaxy Digital has launched an over-the-counter prediction market trading desk for hedge funds and family offices. The first transaction was a $10 million Clarity Act-related contract with crypto hedge fund Arca on Kalshi. Galaxy acted as the primary market maker, providing Arca with bilateral position building and larger-scale liquidity. The service currently covers non-sports event contracts on Kalshi and Polymarket, encompassing markets such as economics, politics, and geopolitics, and plans to expand to more platforms. Galaxy can also combine prediction market positions with equity and commodity hedges, helping institutions manage multi-asset risk exposure around a single event.