Jump Trading is moving into the prediction-market space by taking small equity stakes in both Polymarket and Kalshi, Bloomberg reported Monday, citing people familiar with the matter. The proprietary trading firm—already heavily involved in crypto trading—will provide liquidity to both platforms in exchange for the stakes. Under the arrangement, Jump will receive a fixed equity slice in Kalshi. Its ownership in Polymarket, by contrast, will scale up over time based on the trading capacity Jump supplies to Polymarket’s U.S. operation. Polymarket and Kalshi sit atop the fast-growing prediction-market sector, each carrying multibillion-dollar valuations. These platforms depend on market makers like Jump to fund the other side of users’ bets and keep markets active; market makers earn money from bid-offer spreads and short-term price moves as they facilitate trading. Bloomberg also reported that Jump has been beefing up its prediction-market desk, hiring roughly 20 people in recent months. CoinDesk contacted Jump, Polymarket and Kalshi for comment, but the firms did not immediately respond. If finalized, the deals could deepen liquidity and trading capacity across two of the sector’s biggest players—potentially smoothing price discovery and enabling larger, more consistent markets for prediction-market users. Read more AI-generated news on: undefined/news

#BTC