Galaxy Digital (GLXY) has launched a trading desk that will provide large investors access to prediction markets through over-the-counter derivatives, Bloomberg reported Tuesday.

Galaxy, through its swap dealer Galaxy Derivatives, entered into a $10 million wager in May with crypto hedge fund Arca on whether the Digital Asset Market Clarity Act of 2025 will pass Congress, according to the report, citing company executives.

Under the OTC event swap, Galaxy would receive payment from Arca if the bill passes before 2027, while Arca would collect if it does not, the report said.

Gilbert Wassermann, head of prediction markets at Galaxy, said one of the benefits of the OTC trading is discretion and added that current legal pathways can be utilized to structure such swap deals, Bloomberg reported.

Galaxy Digital did not immediately respond to requests for comment from MT Newswires.

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