Jump Trading to take small stakes in Polymarket, Kalshi: Bloomberg

Core Insights - Jump Trading plans to acquire small stakes in prediction-market platforms Kalshi and Polymarket in exchange for providing liquidity [1][2] - The firm will take a fixed equity stake in Kalshi, while its stake in Polymarket will increase over time based on the trading capacity provided [2] - Both Kalshi and Polymarket are leading platforms in the prediction market space, each achieving multibillion-dollar valuations [2] Company Developments - Jump Trading has recently expanded its prediction-market trading operations by hiring 20 new staff members [3] - The company has a significant focus on cryptocurrency, indicating a strategic alignment with emerging financial technologies [1]