The parent company of the New York Stock Exchange is cementing its bet on the future of prediction markets, bringing its total commitment to nearly $2 billion.
The parent company of the New York Stock Exchange is cementing its bet on the future of prediction markets, bringing its total commitment to nearly $2 billion.Intercontinental Exchange, the owner of the New York Stock Exchange, added $600 million to its investment in prediction market platform Polymarket, bringing its total commitment close to $2 billion.
The ICE deal deepens Polymarket’s ties to a major global market operator as rival Kalshi raises more than $1 billion at a $22 billion valuation and generates an estimated $1.5 billion in annual revenue. The surge in funding comes as regulators and lawmakers scrutinize whether prediction markets are vulnerable to manipulation.The new capital comes on top of a $1 billion investment ICE made in October. ICE also plans to buy up to $40 million in additional shares from existing holders, bringing its total commitment close to $2 billion. The company said the investment will not materially affect its financial results. Polymarket runs a marketplace where users trade on the outcome of real-world events, from elections to economic data releases. A trader, for example, might buy shares that pay out if inflation rises above a specified level. Prices shift in real time, reflecting crowd expectations. The backing from ICE gives Polymarket more than capital. It ties the platform to one of the upcoming names in global markets. Rival platform Kalshi recently raised more than $1 billion, roughly double its previous mark. The company is already generating an estimated $1.5 billion in annual revenue, highlighting strong demand for event-based trading. Investor interest has grown even as lawmakers question whether prediction markets are vulnerable to manipulation or insider activity. These concerns could shape how regulators treat both Polymarket and its peers in the coming years. Polymarket has taken steps to position itself for that scrutiny. It acquired a licensed exchange and clearinghouse earlier this year while expanding its political and financial ties. It also recently announced awith Palantir and TWG AI to build a surveillance system aimed at detecting suspicious trading and manipulation in its sports prediction markets. ICE’s investment signals that large, traditional market operators see potential in the sector. If prediction markets gain broader approval, they could sit alongside stocks and futures as another way for traders to express views on the forthcoming events.AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence toAs stablecoins evolve into core financial infrastructure, North America leads. This report maps the regulation, market shifts, and players driving adoption.Stablecoins are entering their third phase of evolution - the institutionalization era - becoming increasingly embedded into core financial infrastructure. As institutions prioritize transparency and compliance, regulated issuers like USDC, RLUSD, and PYUSD are steadily gaining share with RLUSD surpassing $1B in market cap within its first year. North America, leading in regulatory frameworks and institutional distribution, is at the center of it all. The bank priced its proposed spot bitcoin fund at 14 basis points, making it the lowest fund on the market, if approved.Morgan Stanley plans to launch a spot bitcoin ETF priced at 14 basis points, undercutting current low-cost rivals and potentially igniting a new fee war. Because spot bitcoin ETFs offer nearly identical exposure, Morgan Stanley's lower fee could prompt advisors to shift client assets from higher-cost funds.
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