NEW YORK — Prediction market platform Polymarket has completed its first block trade on an artificial intelligence compute infrastructure-related contract. The six-figure transaction occurred between FalconX, a digital asset brokerage, and Anera Labs, a trading technology startup, and centered on a contract tied to the Ornn Compute Price Index, which tracks rental pricing for Nvidia's H100 GPU chips.
Polymarket stated that the transaction was the first institutional prediction market trade conducted on-chain. The company’s international platform, which operates on the Polygon blockchain, facilitated the trade. This platform is distinct from Polymarket’s U.S. exchange, which launched in December after the company was previously barred from operating in the country in 2022 for failing to register with regulators. The Commodity Futures Trading Commission now oversees the U.S. platform, and both the CFTC and the Department of Justice dropped their investigations into Polymarket in July without filing charges.
“Prediction markets are emerging as one of the most powerful venues for institutional block trades, and this transaction is proof,” said Brooke Rizzetto, head of institutional liquidity at Polymarket. “Seeing an institutional counterparty use Polymarket to hedge real GPU compute exposure at scale is exactly the future we have been building toward.”
FalconX will serve as a dedicated market maker for future block trades on Polymarket's platforms. “This transaction highlights the accelerating demand for financial infrastructure in the compute space,” said Ravi Doshi, FalconX global co-head of markets. “We're proud to collaborate with pioneers like Polymarket to deliver deeper liquidity and clearer price discovery to this crucial, rapidly evolving commodity market.”
The trade follows Kalshi’s completion of the first block trade on any prediction market platform just over a month earlier. Prediction market platforms are increasingly targeting institutional traders as a key growth avenue, with Polymarket’s move signaling further expansion into infrastructure-linked financial products. Polymarket's transaction involved a contract based on the Ornn Compute Price Index, which specifically measures rental rates for Nvidia H100 GPU chips.