NYSE Owner’s $2B Crypto Gamble Propels Polymarket Toward $15B Valuation Frenzy

In a landmark move blurring the line between Wall Street and crypto, Intercontinental Exchange – the parent of the New York Stock Exchange – has unveiled plans to invest up to $2 billion in Polymarketts2.tech. The deal, first reported by WSJ and Bloomberg, would value the upstart at approximately $8–10 billionts2.tech. This is by far the largest traditional finance investment in a decentralized finance startup to datemidhudsonnews.commidhudsonnews.com. It represents a bold endorsement of prediction markets by a blue-chip financial player.

Blockchain · Cryptocurrency · NASDAQ:DKNG · NYSE:ICE · Stock Market
Wall Street’s High-Stakes Gamble: Kalshi’s $300 Million Raise Ignites Prediction Market Wars

Wall Street’s High-Stakes Gamble: Kalshi’s $300 Million Raise Ignites Prediction Market Wars

Kalshi’s latest funding round – over $300 million at a $5 billion valuation – marks one of the largest bets yet on the emerging prediction market industry tradingview.com. The startup, founded by young MIT graduates in 2018, became the first federally regulated events exchange in the U.S. after gaining CFTC approval in 2020. Investors have now more than doubled Kalshi’s valuation since June, when it was valued at $2 billion following a $185 million Series C tradingview.com. The hefty new round was led by top-tier Silicon Valley firms Sequoia Capital and Andreessen Horowitz, joined by crypto-focused backers like Paradigm and Coinbase Ventures, as well as Alphabet’s growth fund **CapitalG tradingview.com. This star-studded roster signals confidence that Kalshi can “bring prediction markets into the financial mainstream,” as CEO Tarek Mansour often touts.
10 October 2025
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Wall Street’s $2 Billion Bet on the Future: NYSE Owner Goes All-In on Polymarket Prediction Markets

Wall Street’s $2 Billion Bet on the Future: NYSE Owner Goes All-In on Polymarket Prediction Markets

Wall Street’s biggest exchange operator is making a bold bet that betting on real-world events is the next big financial frontier. Intercontinental Exchange Inc. – the owner of the NYSE – confirmed it will invest $2 billion in Polymarket, a deal that values the crypto-powered betting platform at roughly $8 billion pre-money reuters.com reuters.com. This is a landmark endorsement of prediction markets by a mainstream financial giant. The deal, first reported by The Wall Street Journal and Bloomberg, could be officially announced any day ts2.tech.
8 October 2025
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NYSE Owner’s $2B Crypto Gamble Propels Polymarket Toward $15B Valuation Frenzy

Wall Street Giant’s $2 Billion Bet on Crypto Predictions – Why NYSE’s Owner is Backing Polymarket

Intercontinental Exchange Inc. – best known as the owner of the NYSE and other major exchanges – is nearing a deal to buy a $2 billion stake in Polymarket, according to reports by The Wall Street Journal and Bloomberg. Such an investment would value the upstart platform as high as $8–10 billionreuters.comenergyconnects.com, making it one of the richest deals ever in the emerging prediction market sector. A formal announcement could come as soon as today, sources told the WSJenergyconnects.com.
7 October 2025
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