Intercontinental Exchange (ICE), the owner of the New York Stock Exchange, is close to investing $ 2 billion in crypto -driven prediction market polymarket, WSJ reports.
The deal, which could be announced as early as Tuesday, would appreciate the platform for up to $ 10 billion. ICE’s investment could provide the polymarket’s efforts to return to the US market.
Founded in 2020, the polyming field allows for efforts on future events, including politics, economics, corporate notions and sports. While popular abroad, the platform has been outside the boundaries of us users since a settlement of 2022 with the Commodity Futures Trading Commission.
Earlier this year, the polyming field acquired a licensed exchange and clearing house to facilitate its reinstatement. It has also strengthened political ties. Donald Trump Jr. joined his advisory board in August and his venture company became an investor.
According to Defillama Data, the polyme field saw $ 1.5 billion in volume last month and has $ 164 million in the total value locked. According to Thetie Data, the company has raised a total of $ 300 million in capital to date from investors that include Peter Thiels Venture Capital Company, Founders Fund.
The rival platform Kalshi has seen rising volumes in the last few months, and over the summer, $ 185 million raised for a $ 2 billion valuation.
