Jump Trading will provide liquidity in exchange for minority stakes in Kalshi and Polymarket.

PANews reported on February 10th, citing Bloomberg, that market maker Jump Trading is set to acquire minority stakes in Kalshi Inc. and Polymarket in exchange for providing liquidity to prediction market platforms. Sources familiar with the matter revealed that Jump will receive a fixed amount of equity in Kalshi, while its stake in Polymarket will increase over time based on the trading volume it provides in the US market. This move allows Jump to acquire stakes in both prediction market platforms. Polymarket is currently valued at approximately $9 billion, and Kalshi at approximately $11 billion.

These market-making agreements resemble venture capital arrangements, with Jump exchanging equity for trading resources. Prediction market platforms rely on market makers to provide liquidity and act as counterparties. Jump's entry into prediction markets is part of its expansion beyond traditional asset classes such as stocks. The company has reportedly increased its staff and resources to develop technology to support CFTC-regulated event contract trading, and currently has over 20 employees dedicated to this business.