Catenaa, Friday, February 13, 2026- Jump Trading is set to provide market-making services to the US-based prediction markets Polymarket and Kalshi in exchange for equity stakes, Bloomberg reported.
Terms of the arrangements remain unclear, but Jump is expected to receive a fixed amount of equity in Kalshi, with the option to expand its investment in Polymarket over time.
Both platforms have grown rapidly following regulatory changes from the Commodity Futures Trading Commission that eased restrictions on event-based trading. Polymarket is valued at $9 billion, while Kalshi has a $11 billion valuation.
The collaboration positions Jump as a liquidity provider for the two leading prediction markets. Market makers help ensure consistent trading by stepping in when no natural counterparty exists for buyers or sellers, supporting smoother price discovery and reducing volatility. Jump Trading has a strong presence in crypto and traditional markets as a market maker, investor, and research and development entity.
Jump previously reduced its crypto exposure after the collapse of Terra but remains active in technological contributions, including developing the Firedancer Solana client and the multi-blockchain Wormhole bridge. Its involvement with Polymarket and Kalshi signals renewed engagement in rapidly expanding digital derivatives and event-based markets.
Both Polymarket and Kalshi have partnered with major organizations, including Google Finance and the National Hockey League, to structure multi-year deals.
Monthly trading volumes have increased steadily since September, even as crypto exchanges such as Gemini and Crypto.com launch competing products.
The partnership is expected to bolster liquidity, expand market depth, and support the continued growth of institutional and retail participation in the US prediction market sector.
