Jump Trading plans to acquire a small stake each in prediction market platforms Kalshi and Polymarket, Bloomberg reported on Monday, citing people with knowledge of the matter.
The trading powerhouse, which focuses significantly on cryptocurrencies, will win the bets in exchange for providing liquidity on the two platforms.
Jump will acquire a fixed amount of equity in Kalshi, while its stake in Polymarket will grow over time depending on the commercial capacity the company provides to the platform’s US operations.
Kalshi and Polymarket are the two most prominent prediction market platforms and both have acquired multi-million dollar valuations. They rely on market makers like Jump to provide the money needed to take the other side of clients’ trades. Market makers then profit from the difference in price movements.
Jump has expanded into prediction market trading in recent months, recruiting 20 employees in recent months for that business, according to Bloomberg.
The companies did not immediately respond to CoinDesk’s request for further comment.
