NYSE and Polymarket Join Forces

Submitted by C Costigan on

Written by :

C Costigan

Published on :

Markets on everything.

We’re proud to announce that Intercontinental Exchange (ICE , the owner of NYSE and the largest exchange company in the world, is making a strategic investment of $2 billion into Polymarket, valuing us at $9 billion post-money.

Our partnership with ICE marks a major step in bringing prediction markets into the financial mainstream. But in addition to that, it’s a monumental step forward for DeFi. ICE is the one remaining founder-led exchange company, and Jeff is all-in on utilizing his assets, including NYSE, to usher in a new financial era of tokenization. We’re humbled to be working together on this endeavor. ICE will also begin distributing Polymarket data to thousands of financial institutions around the world. There is so much to build when you combine the force of ICE’s institutional scale and credibility with Polymarket’s consumer + cultural savvy and distribution.

The past two years have been surreal. Going from a write off to creating a category, watching our vision become a reality. The Polymarket origin story is funny because it's a rare case of the dream being identical to how things played out. If I learned one thing, it’s that bold ideas are everywhere, hidden in plain sight. It just takes someone crazy enough to spend their life willing it into existence. That’s entrepreneurship: willing things into existence.

I remember reading Robin Hanson’s literature on prediction markets and thinking - man, this is too good of an idea to just exist in whitepapers. There were a million reasons why it shouldn’t work, countless arguments of why not to do it, and the odds were against us, but we had to try.

At the onset of the pandemic, I quite literally had nothing to lose: 21, running out of money, 2.5 years since I dropped out and nothing to show for it. But I knew we were entering an era where ways to find truth would matter more than ever, and Polymarket could play a critical role in that. After all, nothing is more valuable than the truth. It’s still a work in progress, but we’re honored to have made the impact we have thus far.

I’d also like to give a special thank you to all of our users, builders, and community members who have been with us since 2020. Your support will not be forgotten

Last but not least, I am deeply grateful for all of the support and hard work of my brilliant team. I’m getting to live my wildest dreams, seemingly against all odds, and I don’t take it for granted.

Related Content

Caesars buyout

Hospitality Baron Fertitta Looks to Acquire Caesars for $18 Billion

Hospitality billionaire Tilman Fertitta's firm will buy Caesars Entertainment (CZR.O), opens new tab in a $17.6 billion ‌deal, the companies said on Thursday, expanding his leisure empire.
Bally Bet lags in Massachusetts

DraftKings Made 90 Times What Bally Bet Did in Massachusetts Sports Betting for Month of April

Bally Bet is preparing to hold something of a monopoly in Rhode Island come November, but if neighboring Massachusetts any indication, those in the Ocean State might not have a whole lot to celebrate. 

Start your own bookmaker business - man with cigar and drinking bourbon

How to Start Your Own Bookmaking Business

Gambling911.com looks at the math behind running your own bookie business.
Why You Need a Price Per Player Sportsbook Software

Why You Need a Price Per Player Sportsbook Software

A price per player sportsbook software typically charges $5 and up per player per week while offering everything from odds, live betting, full reporting, 24-7 customer service and even a live dealer online casino.