Galaxy Digital Launches OTC Prediction Markets Service, Shares Fall 6% After $10M CLARITY Act Trade

Galaxy Digital launched an over-the-counter prediction markets trading service for institutional investors on June 2, 2026. The Nasdaq-listed company, ticker GLXY, said the new desk initially focuses on non-sports contracts listed on Kalshi and Polymarket. The service allows clients to pair prediction market positions with hedges across equities, commodities and other asset classes.

Galaxy Digital completed a $10 million trade tied to the outcome of the proposed CLARITY Act with hedge fund Arca as part of the launch. Shares of Galaxy Digital fell 6 percent on June 2, 2026. The New York-based firm provides institutional digital asset trading, asset management, staking and tokenization services.

“Event-driven markets are becoming core to how sophisticated investors express macro views, and they deserve institutional infrastructure to match,” Jason Urban, Galaxy’s global co-head of digital assets, said. Jeff Dorman, Arca’s chief investment officer, said prediction markets offered an effective way to hedge the fund’s exposure to ongoing negotiations in Washington surrounding crypto regulation.

Liquidity constraints on existing platforms had made it difficult for large investors to participate directly, he said.

Earlier on June 2, 2026, Polymarket completed its first block trade in a transaction between crypto broker FalconX and trading tech startup Anera Labs.