Jump Trading to Acquire Stakes in Kalshi and Polymarket via Liquidity Deals

Jump Trading is acquiring small stakes in Kalshi Inc. and Polymarket (POLA.PVT) in exchange for providing liquidity on the prediction-market platforms, according to知情 sources. The agreement with Kalshi is for a fixed amount of equity, while Jump’s stake in Polymarket will increase based on the trading capacity provided over time. Kalshi is valued at $11 billion, and Polymarket at $9 billion, with Jump receiving stakes in exchange for market-making services. These platforms, which allow bets on elections, sports, and other events, rely on market-makers to keep trading active during volatility. Jump now employs over 20 people in prediction markets, building technology to support CFTC-regulated event-based contracts. The transactions reflect Jump’s expansion beyond traditional equities and derivatives into the growing prediction-market space.