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NYSE parent invests $2B in Polymarket at $9B valuation

Intercontinental Exchange (ICE), the parent company of the NYSE, has invested $2 billion in the cryptocurrency-based prediction market Polymarket, which now holds a $9 billion valuation. Polymarket allows users to buy and sell shares in outcomes of real-world events, with trades settling in stablecoins. Access for U.S. users is restricted due to regulatory considerations. This investment reflects a growing intersection between traditional finance and the cryptocurrency sector. Additionally, Polymarket is reportedly preparing for a U.S. relaunch after receiving relief from some federal reporting requirements from the CFTC, marking a shift from previous regulatory scrutiny. Recent changes in leadership included the addition of Donald Trump Jr. to its advisory board, as the platform gears up for significant operational changes in the U.S. market.

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Grayscale stakes $150M ETH as SEC altcoin ETF deadlines approach

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