Mike Novogratz expands his activity into the prediction market.

Source: CritpoTendencia Original Title: Mike Novogratz expands his activity into the prediction market Original Link: The dynamic prediction market continues its steady rise in the US and global markets. This attracts powerful investors who wish to capitalize on the momentum of this sector. Galaxy Digital, the firm of crypto entrepreneur Mike Novogratz, joins this universe as a liquidity provider, according to recent reports.

According to reports from Bloomberg, Galaxy would be in talks with popular platforms like Kalshi and Polymarket to become a liquidity provider. Novogratz himself emphasizes that his firm's role is to operate as a market maker (market maker). This would be done through regular transactions that contribute to better liquidity on the platforms.

For years, this firm has established itself as a reliable liquidity provider for institutional investors. On this occasion, its focus is on the prediction sector, which has been solidifying in recent months as one of the most profitable in the world of cryptocurrencies.

We are conducting some limited experiments, but I believe you will soon see us providing large-scale liquidity, noted Novogratz.

The prediction market has become one of the main forces attracting capital within the blockchain sector. Binary options of yes and no allow simplicity to be the foundation of the popularity expansion of these platforms. This is complemented by the positive approach of U.S. regulators during this 2025.

The prediction market continues its steady rise

Blockchain-based prediction platforms have been in the market for some time. However, it was recently that their popularity surged due to the role they played during the 2024 presidential elections in the United States. After being labeled as biased tools serving Trump, these platforms proved to be accurate tools.

Pollsters, analysts, and traditional media were exposed as the true biased elements. Since then, the popularity of platforms like Polymarket has been rapidly expanding. In fact, the boom at the end of 2024, instead of cooling down, increased significantly with a gigantic growth in trading volume.

Users seek these platforms to gain profitability from their knowledge in various areas such as geopolitics, sports, economics, and more. For example, a person who has in-depth knowledge of the trade relations between China and the United States can place their bets on cases such as the exchange of chips and rare earths between the two countries.

The great advantage of these prediction markets is that they allow anyone to access them using cryptocurrencies. This saves the problems associated with centralized payment methods. This simple formula has unleashed an immense wave of capital towards the sector.

In this way, while the broad cryptocurrency market suffers from massive abandonments, the volume on Polymarket and Kalshi continues to grow. Novogratz is just one of the investors who have noticed this. Big names like Robinhood, the Trumps, and others are also making strong moves in the sector.