Reported 1 day ago
Intercontinental Exchange Inc., the owner of the New York Stock Exchange, plans to invest up to $2 billion in Polymarket, a crypto-based betting platform that allows users to wager on real-world events. This investment values Polymarket at approximately $8 billion, and will enable ICE to distribute Polymarket’s event-driven data, enhancing market sentiment analysis. Despite previous regulatory challenges that led Polymarket to relocate offshore, the platform is positioning itself for growth in a rapidly evolving betting landscape.
Source: YAHOO