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Intercontinental Exchange (ICE), the owner of the New York Stock Exchange, is investing up to $2 billion in the crypto-based prediction marketplace Polymarket, valuing it at approximately $8 billion. This partnership aims to legitimize prediction markets and expand their reach, particularly in the U.S. market, where Polymarket has faced regulatory challenges.
Intercontinental Exchange (ICE), the owner of the New York Stock Exchange, plans to invest up to $2 billion in Polymarket, valuing the prediction market at approximately $8 billion. This significant investment aims to bolster Polymarket's credibility and assist in its efforts to re-establish a presence in the U.S. market.
Polymarket has secured a $2 billion investment from the Intercontinental Exchange, valuing the company at $9 billion and marking its transition into mainstream finance. The partnership aims to integrate prediction markets into traditional finance and explore tokenization initiatives, reflecting a growing interest in prediction markets among investors.