Galaxy Digital Launches Institutional OTC Prediction Markets Trading
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
0mins
Source: seekingalpha
- New Market Launch: Galaxy Digital announced the launch of institutional OTC prediction markets trading through its Global Markets trading desk, aimed at providing hedge funds, family offices, and other institutional clients with greater liquidity and privacy, enhancing their participation in prediction markets.
- Product Coverage: The trading offering covers non-sports event contracts across economic, political, and geopolitical sectors, with plans to expand to additional platforms in the future, thereby enriching investment options for clients.
- Risk Management Strategy: Galaxy Digital enables clients to pair prediction market positions with hedges in equities, commodities, and other assets, allowing them to build comprehensive risk strategies around a single event, thus avoiding the complexities of managing exposure in silos.
- Initial Trading Success: The company has already executed a $10 million trade with crypto-native hedge fund Arca concerning the outcomes associated with the passage of the CLARITY ACT, demonstrating the market demand and application potential of the new product.
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Analyst Views on GLXY
Wall Street analysts forecast GLXY stock price to rise
12 Analyst Rating
11 Buy
1 Hold
0 Sell
Strong Buy
Current: 30.810
Low
24.00
Averages
43.89
High
60.00
Current: 30.810
Low
24.00
Averages
43.89
High
60.00
About GLXY
Galaxy Digital Inc. is engaged in the business of digital assets and data center infrastructure, delivering solutions that accelerate progress in finance and artificial intelligence (AI). The Company's digital assets platform offers institutional access to trading, advisory, asset management, staking, self-custody, and tokenization technology. In addition, it develops and operates data center infrastructure to power AI and high-performance computing workloads. The Company's segments include Digital Assets, Data Centers, and Treasury and Corporate. Its Digital Assets operating business segment provides new products and capabilities such as staking, margin-based financing and active exchange-traded funds. The Data Centers segment comprises the Helios infrastructure assets. The Company's Data Centers segment develops and operates High Performance Computing (HPC) infrastructure to meet the growing demand for large-scale, power-ready facilities in the AI/HPC industry.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- New Market Launch: Galaxy Digital announced the launch of institutional OTC prediction markets trading through its Global Markets trading desk, aimed at providing hedge funds, family offices, and other institutional clients with greater liquidity and privacy, enhancing their participation in prediction markets.
- Product Coverage: The trading offering covers non-sports event contracts across economic, political, and geopolitical sectors, with plans to expand to additional platforms in the future, thereby enriching investment options for clients.
- Risk Management Strategy: Galaxy Digital enables clients to pair prediction market positions with hedges in equities, commodities, and other assets, allowing them to build comprehensive risk strategies around a single event, thus avoiding the complexities of managing exposure in silos.
- Initial Trading Success: The company has already executed a $10 million trade with crypto-native hedge fund Arca concerning the outcomes associated with the passage of the CLARITY ACT, demonstrating the market demand and application potential of the new product.
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Galaxy Launches Institutional OTC Prediction Markets Trading
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- Significant Trade Execution: Galaxy executed a $10 million trade with crypto-native hedge fund Arca on Kalshi, focusing on the outcomes of the CLARITY ACT, which not only enhances Arca's investment strategy but also showcases Galaxy's influence in the institutional market.
- Risk Management Capability: By pairing prediction market positions with hedges in equities, commodities, and other assets, Galaxy enables clients to build comprehensive risk strategies around a single event, thereby improving overall portfolio management efficiency.
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- Feature Enhancements: The new page introduces a streamlined, social-first architecture that positions real-time community posts and sentiment data at the top of the news feed, helping users quickly access market dynamics and improving information retrieval efficiency.
- Influential Voices Highlighted: The page showcases the most influential and active retail voices for each ticker, fostering interaction and discussion among users, which further solidifies Stocktwits' position as the preferred platform for retail investors.
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- Product Coverage: The trading offering covers non-sports event contracts across economic, political, and geopolitical sectors, with plans to expand to additional platforms in the future, thereby enriching investment options for clients.
- Risk Management Strategy: Galaxy Digital enables clients to pair prediction market positions with hedges in equities, commodities, and other assets, allowing them to build comprehensive risk strategies around a single event, thus avoiding the complexities of managing exposure in silos.
- Initial Trading Success: The company has already executed a $10 million trade with crypto-native hedge fund Arca concerning the outcomes associated with the passage of the CLARITY ACT, demonstrating the market demand and application potential of the new product.
See More
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- Market Trading Innovation: Galaxy Digital has launched institutional OTC prediction markets trading through its Global Markets desk, allowing hedge funds and family offices to access liquidity at larger scales and with greater discretion, marking a strategic expansion into event-driven markets.
- Significant Trade Execution: Galaxy executed a $10 million trade with crypto-native hedge fund Arca on Kalshi, focusing on the outcomes of the CLARITY ACT, which not only enhances Arca's investment strategy but also showcases Galaxy's influence in the institutional market.
- Risk Management Capability: By pairing prediction market positions with hedges in equities, commodities, and other assets, Galaxy enables clients to build comprehensive risk strategies around a single event, thereby improving overall portfolio management efficiency.
- Liquidity Enhancement: Galaxy's role as a principal counterparty is expected to attract more institutional capital into prediction markets, making prices on these platforms more reflective of professional analysis and enhancing their effectiveness as signals for investors.
See More
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- Attractive Stock List: Galaxy Digital (GLXY), Ares Capital (ARCC), and Federal Home Loan Mortgage Corporation (FMCC) are ranked as the most attractive large-cap financial stocks in the U.S., receiving high valuation grades of A+ and A, indicating their competitive advantage over peers.
- Broad Industry Coverage: The valuation screening spans multiple financial sectors, including asset management, mortgage finance, insurance, diversified financial services, and consumer lending, reflecting ongoing investor confidence in these areas.
- Market Trend Analysis: Despite facing challenges in the current macroeconomic environment, many large-cap financial stocks exhibit strong structural advantages and reasonable valuations, attracting investor attention and potentially driving future stock price increases.
See More
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- Market Pressure Intensifies: The S&P 500 index fell 0.14%, the Dow Jones Industrial Average dropped 0.27%, and the Nasdaq 100 index decreased 0.34% as crude oil prices surged over 2% following fresh US attacks on Iran, indicating heightened sensitivity to geopolitical risks.
- Economic Data Impact: The April core PCE price index rose 3.3% year-on-year, meeting expectations, but the unexpected 1.1% decline in April capital goods new orders signals potential economic slowdown, which may heighten investor concerns about future growth.
- Rising Unemployment Claims: Initial jobless claims in the US increased by 5,000 to 215,000, exceeding expectations of 211,000, reflecting a weakening labor market that could prompt the Fed to adopt a more cautious stance in future policy decisions.
- Earnings Season Insights: As of now, 83% of the 479 S&P 500 companies that reported earnings exceeded expectations, with Q1 earnings projected to rise 12% year-on-year; however, excluding the tech sector, growth is only expected at 3%, highlighting a divergence in overall profitability.
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- Industry Criticism: Longtime crypto industry figures express concerns over the impact of Bitcoin ETFs, with Crucible Capital founder Meltem Demirors arguing that asset managers' influence may undermine Bitcoin's real-world utility, transforming it into a traditional financial asset.
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