NYSE -owner to invest no less than $ 2 billion in polymarket

NYSE owner ICE collapses $ 2 billion in polymarket, while it is committed to a long-awaited American market comeback.

Intercontinental Exchange (ICE), the operator of the New York Stock Exchange, announced an important strategic investment in Polymarket, a decentralized forecast market platform that collects probabilities for global events that include politics, sport and culture.

According to the agreement, ICE will invest up to $ 2 billion in the company, that polymarkets will place at $ 8 billion before the investment rating.

Polymarket gets Wall Street Validation

In addition to the capital infusion, ICE will serve as a global distributor of Polymarket’s event-driven data and plans for offering customer sentimental statistics on topics that are relevant to financial markets.

The two entities will also work together on future tokenization projects. In his official press release, ICE stated that the investment -based investment is not expected to be 2025 financial results or expected capital efficiency plans considerably influence. The management has been established to provide further details about the relocation during the profit call of the third quarter of ICE, which is planned for October 30.

After the development, ICE chairman and Chief Executive Officer, Jeffrey C. Sprecher, commentary”

“Ons investeringsbouw ICE, de eigenaar van de New York Stock Exchange, die werd opgericht in 1792, met een vooruitstrevend, revolutionair bedrijf die verandert in de gedecentraliseerde financiële ruimte. Shayne Coplan heeft een team bij Polymarket samengesteld om een ​​​​door gebruikers aangedreven bedrijf te creëren dat deze investering kan worden geactiveerd en die zijn investering kan zijn om te dienen en te zijn, kan worden ingezet over Product and distribution.

Redemption

Polymarket, founded by Coplan in 2020, enables users to exchange shares for potential event results, with smart contracts that facilitate peer-to-peer transactions. The markets, which cover politics, business, culture and sport, expand as the participation rises. The activities were not without controversy.

On November 13 last year, FBI agents fell over the apartment in Manhattan in Manhattan. They demanded access to his phone and devices, shortly after the platform correctly predicted that Donald Trump defeated Harris Harris with 58.6% chances. No charges were filed later.

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Polymarket had previously paid $ 1.4 million to the CFTC for registration problems in 2022 and had since remained inaccessible for American users. To facilitate return, it bought A regulated Exchange and Clearing House, QCEX, earlier this year. The company also expanded politically by Donald Trump Jr. to bring to his advisory board and to secure investments from his risk company.

In the meantime, new research by the New York -based data scientist Alex McCullough revealed that polymarket is around 90% correct over several time frames. With the help of a Dune dashboard, McCullough followed predictions for a month, a week, one day, 12 hours and four hours before market solution, and found the accuracy in the last four hours to 94.2%. Historical analysis removed from bijters and considered markets above 50% probability. However, biases such as herd behavior, low liquidity and resignation were also marked, which somewhat blown up the opportunities.