Gaming and finance intersection
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Wall Street survey reveals strong interest in crypto prediction markets
Yahoo Finance· 2025-12-02 17:15
Group 1 - Wall Street professionals are increasingly confident that prediction markets, particularly platforms like Polymarket, will remain significant players in the fintech space [1][2] - Polymarket, launched in 2020, is the largest prediction market globally, allowing users to predict various events using cryptocurrency [2] - Intercontinental Exchange Inc., the owner of the New York Stock Exchange, has announced an investment of up to $2 billion in Polymarket [2] Group 2 - Approximately 90% of surveyed Wall Street professionals believe that gaming and finance will intersect more in the future [3] - Despite the optimism regarding prediction markets, respondents express caution and do not fully trust these platforms to guide their investment decisions [5] - Regulatory bodies are expected to address the blurred lines between trading and gambling as the intersection of gaming and finance evolves [4] Group 3 - While there is optimism about prediction markets, Wall Street does not foresee tokenization significantly disrupting the entire financial system [6] - Tokenization involves using blockchain technology to convert real-world assets into digital tokens, allowing for 24/7 trading and fractional ownership [7] - Despite the growth of the tokenized assets market, traditional financial systems remain preferred by retail traders due to their established operations and regulatory framework [8]