BitGo and Susquehanna Crypto have launched an over-the-counter trading solution that allows institutional investors to access prediction markets using cryptocurrency collateral.
The platform enables hedge funds and family offices to trade event-based contracts without converting crypto into cash, with trades executed through BitGo and liquidity provided by Susquehanna.
Minimum trade sizes start at $100,000, with positions structured using derivatives-style agreements backed by crypto or stablecoin holdings held in custody.
The offering aims to address infrastructure gaps that have limited institutional participation in prediction markets, including custody, collateral management, and execution.
Prediction markets allow participants to trade contracts tied to real-world outcomes, with pricing reflecting the probability of events such as geopolitical developments or Bitcoin price movements.
The launch comes amid increasing regulatory scrutiny in the United States, with multiple states taking action against platforms like Kalshi over concerns they operate as unlicensed gambling venues.
Authorities at both state and federal levels are evaluating how to regulate the sector, as lawmakers consider bringing prediction markets under existing gaming or derivatives frameworks.
At the time of reporting, Bitcoin price was $70,755.98.