BitGo and Susquehanna Crypto open OTC prediction markets to institutions

BitGo Prime and Susquehanna Crypto have launched an institutional OTC offering that allows qualified BitGo customers to access listed prediction markets using crypto or stablecoin securities held on the BitGo platform.

The service is targeted at hedge funds, family offices and ultra-high net worth individuals, and Susquehanna Crypto provides liquidity to the business.

Clients can execute event-based trades bilaterally with BitGo when posting USD, Stablecoins, Bitcoin or other crypto collateral to support positions from moving through retail channels or selling digital assets. BitGo's minimum trade volume is $100,000, placing the product more squarely on large market participants than retail traders.

The move gives BitGo another institutional product line two months after its January IPO. BitGo began trading on the NYSE on Jan. 22 after BTGO paid $18 per share, and Reuters reported that the listing valued the company at around $2.08 billion in its IPO. Reuters also reported that Bitgo has strengthened its regulatory framework across the US by changing its state trust bank charter to a national charter.

A broader background also helps explain the period. Forecast markets are moving closer to traditional finance in 2026 as companies scramble to build institutional railroads around them. Kalshi announced a partnership with Tradeweb in February to expand institutional reach, and Barron's reports that Kalshi is also working with FIS on clearing infrastructure targeting Wall Street clients.

That institutional push is at the same time that regulators and lawmakers are paying more attention. Reuters reported on March 23 that Calci had moved to ban politicians and athletes from trading in markets they could influence, and the AP and Wall Street Journal reported this week that a binary bill was introduced to ban sports-related contracts and gambling-style games on CFTC-regulated prediction market platforms.

Against that backdrop, BitGo and Susquehanna are betting that they want a clean institutional wrap around event contracts. Their offering focuses on standard derivatives, bilateral execution and integrated securities management, mirroring the structure used by many professional trading firms in other markets.