Wall Street Backs Prediction Markets: Intercontinental Exchange (ICE) – owner of the NYSE – is investing up to $2 billion in crypto prediction platform Polymarket, valuing it around $8–10 billion [1]. It marks the first major Wall Street stake in a betting market startup, sending ICE’s stock up ~4% on the news [2].
Polymarket Eyes $15B Valuation: Buoyed by ICE’s vote of confidence, Polymarket is now reportedly in talks to raise new funds at a $12–15 billion valuation[3] – a stunning leap from roughly $1 billion just months ago [4]. Investors are racing to back the fast-growing platform as it re-enters the U.S. market.
From Ban to Boom: Founded in 2020, Polymarket was fined $1.4 million in 2022 for unregistered…
