The Intercontinental Alternate, the dad or mum firm of the New York Inventory Alternate, has invested one other $600 million in Polymarket, one of many main crypto-based prediction markets. The transfer comes simply after Kalshi, Polymarket’s competitor, closed a $1 billion funding spherical, placing the corporate’s valuation at $22 billion.
It’s value noting that, with this, ICE’s funding totals about $2 billion, with its first pre-money funding introduced in October 2025.
Not solely does this present operational capital for the agency, but it surely additionally validates prediction markets as a supply of crowd-sourced occasion possibilities for institutional utilization that might span far past betting.
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