BitGo, Susquehanna offer institutional prediction market access

BitGo and Susquehanna Crypto have launched an over-the-counter (OTC) service providing institutional clients with access to prediction markets. This new partnership allows hedge funds and other large investors to trade event contracts using crypto collateral held securely on BitGo's platform, avoiding asset liquidation. The offering aims to bridge existing infrastructure gaps that have historically limited institutional participation in these markets. By enabling trades against crypto collateral without moving assets off-custody, the service mirrors traditional derivatives trading, potentially increasing adoption for hedging against political and macroeconomic shifts.