The parent company of the New York Stock Exchange is investing $ 2 billion in Polymark, rating of $ 9 billion

The two companies will also work together on coding initiatives, or put financial assets in the package covers, according to a report. press release. the Wall Street Journal Firstly I mentioned Intercontinental Exchange in the prediction market. Investing in criticism, according to the statement.

“Our partnership with ICE is a big step in bringing the prediction markets to the prevailing financial trend,” said Shane Koblan, founder and CEO of Polymarkket.

Predicting the madness of the market

The pumping of approximately $ 2 billion comes into Polymarkket at a time when investors invest money to take advantage of the increasing enthusiasm of prediction markets, or the squares where investors can bet on whether China will invade Taiwan or the future price of encrypted currencies such as Bitcoin and Ethereum.

Supporters say that these markets combine the “audience wisdom” with the financial repercussions that encourage the participants to be intellectually honest about whether it happened or not.

Polymarkket was founded in 2020, based on Blockchain technology, and launched during the 2024 US presidential election, to become an essential element in political reports. The volume of trading on the platform reached its peak to approximately $ 400 million in November the day after the public elections, according to data from the encrypted currency analysis website. Devillama.

The daily trading volume has decreased since then between $ 40 million and 80 million dollars in early October, but investors still believe that prediction markets are the future, especially with Polymarkt and its competing with KALSHI. To the line Between sports prediction markets and sports betting.

In June, Bolimark It is said He was about to raise a tour of $ 200 million, evaluating one billion dollars. As a thing also collects capital. In the same month, she announced that she did so Arise 185 million dollars, evaluating $ 2 billion. Calchi is now taking places to increase the capital in a deal that would be valued at approximately $ 5 billion per Information.