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Polymarket Valued at $9 Billion After NYSE Owner Invests $2B in Prediction Market

Polymarket announced a $2 billion investment from Intercontinental Exchange (ICE), the owner of the New York Stock Exchange, resulting in a post-deal valuation of $9 billion. This investment aims to enhance Polymarket's distribution capabilities by leveraging ICE’s extensive financial infrastructure to share market data with thousands of financial institutions worldwide. CEO Shayne Coplan emphasized the significance of this strategic partnership, which aligns with ICE's focus on integrating blockchain technology into financial markets. Polymarket has made significant strides in mainstream adoption, exemplified by its data integration with Bloomberg’s Terminal. The prediction market platform, founded in 2020, continues to experience rapid growth and is positioned at the intersection of politics, sports, and cultural betting.

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