NYSE Parent Invests Another $600 Million in Polymarket as Prediction Market Volume Soars

The Intercontinental Exchange, the parent company of the New York Stock Exchange, has invested another $600 million in Polymarket, one of the leading crypto-based prediction markets. The move comes just after Kalshi, Polymarket’s competitor, closed a $1 billion investment round, putting the company’s valuation at $22 billion. It’s worth noting that, with this, ICE’s investment totals about $2 …