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@Polymarket receives $2 billion investment, signaling the arrival of the next trillion-dollar industry: prediction markets.
Intercontinental Exchange (ICE) has invested $2 billion in Polymarket.
ICE is the parent company of the New York Stock Exchange (NYSE).
This investment is significant for @Polymarket, bringing its valuation to $9 billion.
Prediction markets have seen significant recent interest, primarily due to the following factors:
1. The US @CFTC
Polymarket
@Polymarket
We are excited to announce that Intercontinental Exchange (ICE) — the parent company of @NYSE, is making a $2b strategic investment at a $9b post-money valuation.
Together, we’re building the next evolution of markets.
A special thank you to all those who have supported us
Summary:
Kalshi's Head of Business and Media, Jack Such, stated:
"We are confident that prediction markets will become a trillion-dollar asset class."
👉 Following the US CFTC's reopening of compliance for prediction market products, Kalshi's trading volume has surged, surpassing Polymarket.
Sherwood News
@sherwood_news
11-04
We spoke to Kalshi's Jack Such about the disparity between prediction markets and traditional polls: https://sherwood.news/business/the-money-is-flooding-in-but-what-are-prediction-markets-truly-telling-us/?utm_source=twitter&utm_medium=organic_social&utm_campaign=sherwood_20241030&utm_term=sherwood…
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From Twitter
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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