BitGo and Susquehanna Crypto open OTC prediction markets to institutions

BitGo Prime and Susquehanna Crypto have launched an institutional OTC offering that gives eligible BitGo clients access to listed prediction markets using crypto or stablecoin collateral already held on BitGo’s platform.

The service is aimed at hedge funds, family offices, and ultra-high-net-worth individuals, with Susquehanna Crypto providing liquidity for the trades.

Instead of moving through retail interfaces or selling digital assets to fund positions, clients can execute event-driven trades bilaterally with BitGo while posting collateral in USD, stablecoins, Bitcoin, or other crypto. BitGo said the minimum trade size is $100,000, positioning the product squarely at larger market participants rather than retail traders.

The move gives BitGo another institutional product line just two months after its January IPO. BitGo began trading on the NYSE on January 22 under the ticker BTGO after pricing its offering at $18 per share, and Reuters reported the listing valued the company at about $2.08 billion at IPO pricing. Reuters also reported that BitGo had converted its state trust bank charter into a national charter, strengthening its regulatory footing across the US.

The broader backdrop also helps explain the timing. Prediction markets have been moving closer to traditional finance in 2026 as firms race to build institutional rails around them. Kalshi announced a partnership with Tradeweb in February to expand institutional access, and Barron’s reported that Kalshi is also working with FIS on clearing infrastructure aimed at Wall Street clients.

That institutional push is happening at the same time regulators and lawmakers are paying closer attention. Reuters reported on March 23 that Kalshi moved to block politicians and athletes from trading in markets they could influence, while the AP and Wall Street Journal reported that a bipartisan bill introduced this week seeks to ban sports-related contracts and casino-style games on prediction market platforms regulated by the CFTC.

Against that backdrop, BitGo and Susquehanna are betting there is demand for a cleaner institutional wrapper around event contracts. Their offering leans on standard derivatives documentation, bilateral execution, and integrated collateral management, which mirrors the structure many professional trading firms already use in other markets.

                    **Disclosure:** This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.