Jump Trading to Earn Stakes in Polymarket, Kalshi via Liquidity Deals: Bloomberg

In brief

• Jump Trading will provide market-making services to Kalshi and Polymarket in exchange for small equity stakes, according to a report from Bloomberg.
• The firm’s position in Kalshi is fixed, but its stake in Polymarket may grow depending on its liquidity offerings, individuals familiar with the matter told Bloomberg.
• The pair of prediction markets were valued as high as $11 billion and $9 billion, respectively, in recent months