Intercontinental Exchange (ICE), the owner of the New York Stock Exchange, is close to investing $ 2 billion in the prediction market with cryptomotos, reports WSJ.
The agreement, which could be announced as early as Tuesday, would value the platform of up to $ 10 billion. ICE’s investment could provide regulatory credibility to Polymket efforts to return to the US market.
Founded in 2020, Polymarket allows users to make bets in future events, including politics, economy, companies and sports. Although it is popular abroad, the platform has been out of limits for US users from a 2022 agreement with the Basic Products Trade Commerce Commission.
Earlier this year, Polymket acquired a license exchange and a compensation house to help relieve its re -entry. He has also strengthened political ties. Donald Trump Jr. joined his advisory board in August, and his risk firm became a investor.
Polymarket, according to Defillama data, saw a volume of $ 1.5 billion last month and has $ 164 million in total locked value. The company, according to Thetie Data, has raised a total of $ 300 million in capital to the date of investors that include Peter Thiel’s risk capital firm, Funders Fund.
The Kalshi rival platform has seen an increasing volume in recent months, and during the summer it raised $ 185 million to an assessment of $ 2 billion.
