New York Stock Exchange parent company invests $2 billion in Polymarket at $9 billion valuation

Polymarket was once a niche crypto platform. Now, the startup is moving into the ranks of mainstream finance thanks to a $2 billion investment from trading giant Intercontinental Exchange. Under the terms of the deal, announced on Tuesday, the investment will value the company at $9 billion, and the parent company of the New York Stock Exchange will distribute the prediction market’s data. The two companies will also work together on tokenization initiatives, or the act of putting financial assets into bl ...