Intercontinental Exchange, the owner of the New York Stock Exchange, has made a $2 billion investment in the crypto-powered prediction platform Polymarket, giving it a post-money valuation of $9 billion.
Polymarket enables users to buy and sell “shares” in real-world event outcomes, including elections, sports, and crypto price movements, with trades settled in stablecoins. While U.S. access remains restricted, the platform reportedly plans a regulated American rollout.
The investment follows a recent CFTC no-action letter granting Polymarket relief from specific reporting and record-keeping requirements, marking a shift from its earlier enforcement struggles. ICE’s involvement signals growing mainstream confidence in decentralized finance and prediction markets as emerging financial tools.
The NYSE parent’s backing underscores the fusion of traditional and blockchain-based financial systems, expanding the reach of onchain information markets.
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