Jump Trading is set to acquire minority stakes in prediction market platforms Kalshi Inc. and Polymarket in exchange for providing liquidity, according to sources cited by Bloomberg. Jump will receive a fixed equity amount in Kalshi, while its stake in Polymarket will grow with the trading volume it facilitates in the US market.
Kalshi and Polymarket are valued at approximately $11 billion and $9 billion, respectively. These agreements resemble venture capital deals, with Jump exchanging equity for trading resources. This move marks Jump's expansion into prediction markets, supported by increased staffing and technology development for CFTC-regulated event contract trading.
Jump Trading Acquires Stakes in Kalshi and Polymarket for Liquidity Provision
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