BitGo Partners with Susquehanna Crypto for Institutional Access to Prediction Markets

BitGo Holdings Inc.'s subsidiary BitGo Prime, LLC has partnered with Susquehanna Crypto to provide institutional clients with access to prediction markets. The partnership enables eligible clients to trade listed prediction markets on an over-the-counter (OTC) basis using cryptocurrency or stablecoin-denominated collateral already held within BitGo's platform.

The collaboration aims to bridge the gap in institutional adoption of prediction markets by offering a seamless, institutional-grade access to these markets. Prediction markets have gained traction as a venue for price discovery around event-driven outcomes. However, institutional participants often face constraints in accessing these markets due to the lack of integrated infrastructure for custody, collateral management, and OTC execution.

Through this partnership, eligible BitGo clients can transact in reasonably liquid event contracts without requiring access to retail-oriented interfaces. Trades will be executed bilaterally with BitGo and supported by cryptocurrency or stablecoin collateral, allowing clients to maintain existing digital asset positions while participating in event-driven markets through an institutional trading workflow.