Polymarket Eyes $10B Valuation As Wall Street Giants Bet Big on Prediction Markets
The Intercontinental Exchange (ICE), the guardian firm of the New York Stock Exchange (NYSE), is reportedly nearing a $2 billion funding in Polymarket.
It factors to Wall Street’s most conventional participant moving into certainly one of crypto’s most controversial frontiers.
NYSE Owner ICE Reportedly Nears $2 Billion Investment in Polymarket
Sources accustomed to the matter instructed WSJ that the deal might worth Polymarket at as much as $10 billion. If it materializes, it could cement Polymarket’s standing among the many fastest-growing tasks in decentralized finance (DeFi).
If accomplished, the deal might additionally help Polymarket’s ambitions because it re-establishes a presence in the US following the CFTC approval.
Despite regulatory troubles within the US, the platform has continued to thrive offshore, attracting a mixture of retail merchants and high-net-worth users looking for publicity to political, monetary, and cultural occasion outcomes.
Meanwhile, the possible ICE-Polymarket deal comes solely months after studies indicated Peter Thiel’s Founders Fund led a $200 million investment, valuing the corporate round $1 billion.
Notably, ICE’s potential deal would multiply this determine a number of instances over. The funding is anticipated to be finalized as quickly as Tuesday, October 7. It marks a daring transfer by ICE, which boasts a market capitalization above $91 billion.
The agency’s entry into prediction markets alerts a broader shift in traditional finance’s urge for food for event-driven buying and selling infrastructure. Notably, this area is commonly dismissed as a regulatory grey zone.
It would additionally mirror ICE’s historic technique of buying stakes in early-stage improvements that redefine market mechanics, from power exchanges to digital asset clearinghouses.
TradFi’s Deepening Push into Prediction Markets
The timing of ICE’s reported funding is hanging. It comes simply months after rival platform Kalshi secured a $185 million Paradigm-led round, valuing the CFTC-regulated prediction market at $2 billion.
Kalshi’s ability to operate legally in the US has made it the popular alternative for buyers looking for compliant publicity to occasion contracts. Meanwhile, Polymarket’s more open, crypto-native model has pushed quicker consumer development and liquidity overseas.
The two platforms illustrate how prediction markets are rising right into a professional asset class. They are bridging speculative sentiment, data markets, and monetary hedging instruments.
Despite Polymarket’s regulatory challenges, the startup’s traction has drawn top-tier enterprise capital.
For ICE, the transfer might sign an acknowledgment that prediction markets are now not fringe hypothesis instruments, however reasonably rising devices for worth discovery and sentiment evaluation.
By aligning with a decentralized prediction market, the NYSE proprietor might place itself on the intersection of blockchain innovation, various information, and next-generation derivatives.
Both Kalshi and Polymarket command multi-billion-dollar valuations. Wall Street’s guess on prediction markets is accelerating, and the road between conventional and crypto-native exchanges is fading quicker than ever.
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