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New York Stock Exchange parent Intercontinental Exchange is taking a $2 billion stake in prediction markets platform Polymarket. The deal values Polymarket at approximately $8 billion, both companies said in a Tuesday press release. The investment by one of the world’s leading exchange operators, which has a market value of more than $90 billion, could enhance the betting platform’s credibility and aid its efforts to re-establish a U.S. presence. Atlanta-based ICE said it would pay for the deal in cash and that it would become a distributor of Polymarket’s event-driven data. JUST IN: NYSE owner Intercontinental Exchange invests $2 billion in Polymarket, the largest private round in crypto history. pic.twitter.com/BPPhEoWhpF — Watcher.Guru (@WatcherGuru) October 7, 2025 Polymarket’s relationship with US authorities has improved under the crypto-friendly Trump administration. Polymarket’s founder and Chief Executive Shayne Coplan. shared a Bloomberg article on social media in mid-Ju...

Executives and venture capitalists (VCs) who sold shares into the initial public offering (IPO) of Circle (CRCL) missed out on a rocketship rally. With at least $1.9 billion in opportunity costs through June 6, 2025, calculating the missed profits of selling instead of buying Circle’s IPO is painful. As proceeds for their sales at $29.30 per share, these VCs and executives received about $270 million. Had they simply held those shares for a couple of extra weeks, those same shares could have been worth billions. Circle’s chief product and technology officer, for example, sold 300,000 shares of class A common stock at $29.30. Had he not sold those into the IPO, he would still have shares worth $240.28 apiece as of Friday’s close. In other words, selling at the IPO cost this executive $63 million personally in opportunity cost. Similarly, Circle’s chief financial officer sold 200,000 shares of class A common stock at the same $29.30 price. His sale cost him $42 mill...