Galaxy Digital don launch institutional OTC prediction markets desk via $10M Arca swap

Galaxy Digital don launch institutional OTC desk for prediction markets inside Global Markets unit dem. Di first deal na na do be $10 million event swap wit crypto hedge fund Arca wey relate to “Digital Asset Market Clarity Act” (CLARITY Act). For di structure, Arca go pay Galaxy if CLARITY Act become law before 2027 deadline, and Galaxy go pay Arca if e no happen. Galaxy talk say di prediction markets OTC desk dem build am for block-size trades wey on-exchange order books (including Kalshi and Polymarket) fit no fit absorb without making price move. Galaxy go act as principal counterparty, dem go quote bilateral trades and warehouse risk for their own books, instead of just depending on public order-book liquidity. Dem also highlight say dem fit pair prediction market event exposure with hedges inside equities and commodities for institutional clients. Article mention say Galaxy research desk give about 75% chance say CLARITY Act go pass, and dem expect signing week around August 3. E still note say Kalshi and Polymarket traders don price same outcome around 50%–73% over di past month. For traders, dis one dey improve institutional access to prediction markets and fit boost liquidity for large tickets, but short-term story still dey strongly tied to one regulatory catalyst rather than broad crypto fundamentals.