Once fined and barred from the U.S., the crypto-based prediction market is now being embraced by Wall Street.
Intercontinental Exchange , owner of the New York Stock Exchange, announced a $2 billion investment in Polymarket , valuing the once-penalized prediction market at over $8 billion. CANADA - 2025/06/27: In this photo illustration, the Polymarket logo is seen displayed on a smartphone screen.
The investment was announced ahead of Polymarket’s planned U.S. relaunch, which is delayed by the ongoing government shutdown that has paused operations at the Commodity Futures Trading Commission —the agency responsible for processing Polymarket’s self-certification filings for new markets,for letting users trade on event outcomes without the proper market licenses, ordering the company to shut down those markets and block U.S. users.Intercontinental Exchange is a highly regulated financial giant that is widely viewed as conservative in its investment decisions. A series of recent legal victories, the Trump administration appearing to have a more favorable stance toward the industry compared with former President Joe Biden’s and the credibility of ICE’s backing have improved the outlook for prediction markets in the past year,“Will Polymarket US go live in 2025?” and Airbnb cofounder Joe Gebbia . In August, Polymarket raised $135 million in a funding round led by Thiel’s Founders Fund, pushing its valuation to $1 billion, according to Pitchbook. Weeks later, Donald Trump Jr. invested in Polymarket and joined its advisory board—shortly before the CFTC granted the platform approval to launch in the U.S., putting it on regulatory footing with rival Kalshi.
NYSE Polymarket Shayne Coplan $2 Billion Investment Kalshi CFTC Prediction Markets
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Texas Stock Exchange closer to opening with approval from the US Securities and Exchange CommissionThe Texas Stock Exchange has crossed its latest hurdle toward becoming a direct competitor to the dominance of the New York Stock Exchange and the Nasdaq.
Read more »
NYSE-owner Intercontinental Exchange rises after it takes $2 billion stake in PolymarketIntercontinental Exchange rose more than 3% in the premarket after the company announced it took a $2 billion stake in prediction markets platform Polymarket.
Read more »
Intercontinental Exchange to invest up to $2 billion in PolymarketNew York Stock Exchange owner Intercontinental Exchange is investing up to $2 billion in Polymarket and will partner with the company on future tokenization initiatives.
Read more »
Intercontinental Exchange to invest up to $2 billion in PolymarketNew York Stock Exchange owner Intercontinental Exchange is investing up to $2 billion in Polymarket and will partner with the company on future tokenization initiatives. Polymarket lets users buy and sell shares of potential event outcomes, with every trade matched peer-to-peer through smart contracts.
Read more »
Intercontinental Exchange to invest up to $2 billion in PolymarketNew York Stock Exchange owner Intercontinental Exchange is investing up to $2 billion in Polymarket and will partner with the company on future tokenization initiatives.
Read more »
Intercontinental Exchange Invests $2 Billion in PolymarketOwner of New York Stock Exchange helps crypto-based trading company reach valuation of more than $8 billion.
Read more »