TLDR
- BitGo Prime and Susquehanna Crypto launched OTC prediction markets for eligible institutions.
- Clients can trade listed event contracts using crypto, stablecoins, or USD as collateral.
- BitGo set a minimum trade size of $100,000 for the new OTC service.
- Susquehanna Crypto is providing liquidity for institutional event contract trades.
- The launch follows BitGo’s January IPO and a wider push into prediction markets.
BitGo Prime and Susquehanna Crypto have launched a new OTC prediction markets offering for institutions. The service gives eligible BitGo clients access to listed event contracts. It also lets them use collateral already held on BitGo’s platform.
The launch targets hedge funds, family offices, and ultra-high-net-worth individuals. Susquehanna Crypto is providing liquidity for the trades. BitGo said the minimum trade size is $100,000.
The structure is built for larger clients, not retail users. Trades are handled bilaterally with BitGo instead of through retail-style interfaces. That setup matches how many professional firms trade other products.
Clients can post USD, stablecoins, Bitcoin, or other crypto as collateral. This means they do not need to sell digital assets to enter positions. As a result, they can keep assets on platform while trading event contracts.
How the new OTC service works
The new service gives institutions a way to access prediction markets through a familiar trading model. BitGo said clients can trade listed event contracts directly with the firm. The process is based on bilateral execution and standard derivatives documents.
That structure may appeal to firms that already use OTC products in other markets. It also reduces the need to move funds across multiple platforms. Instead, collateral stays within BitGo’s system during the trade.
The use of crypto and stablecoin collateral is a central part of the offering. Clients can also use USD, which adds another funding option. This gives firms more flexibility when they manage event-driven positions.
BitGo and Susquehanna are presenting the service as an institutional wrapper around listed prediction contracts. The focus is on integrated collateral management and large trade execution. Those features fit the needs of professional investors and trading desks.
BitGo adds another institutional product line
The new offering comes two months after BitGo’s January IPO. BitGo began trading on the New York Stock Exchange on January 22. Its ticker is BTGO.
BitGo priced its IPO at $18 per share. Reuters reported that the pricing valued the company at about $2.08 billion. The public listing added a new chapter to BitGo’s business expansion.
Reuters also reported that BitGo converted its state trust bank charter into a national charter. That move strengthened the company’s regulatory position in the United States. It also gave BitGo a broader base for new institutional products.
This OTC prediction markets service now adds to that wider institutional push. The company is building around trading, custody, and collateral management. The new product fits that direction and targets clients with larger balance sheets.
Prediction markets draw more Wall Street attention
Prediction markets have moved closer to traditional finance in 2026. Firms are building new access points for institutions and professional traders. BitGo and Susquehanna are entering that market as activity grows.
Kalshi announced a partnership with Tradeweb in February. That deal was designed to expand institutional access to prediction markets. Barron’s also reported that Kalshi is working with FIS on clearing infrastructure.
At the same time, regulators and lawmakers are watching the sector more closely. Reuters reported on March 23 that Kalshi moved to block politicians and athletes from trading markets they could influence. That step addressed conflict concerns around certain contracts.
The Associated Press and The Wall Street Journal also reported on a bipartisan bill this week. The bill seeks to ban sports-related contracts and casino-style games on CFTC-regulated platforms. Against that backdrop, BitGo and Susquehanna are moving ahead with an institutional product built around standard market practices.
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