The Latest Breaking News from Polymarket

President Donald Trump's allies may be pushing for his Nobel Peace Prize victory, but cryptocurrency bettors favor Venezuelan politician María Corina Machado as the likely winner.

Prediction market Polymarket has taken the world by storm and is currently disrupting the sports betting sector. With a new investment from New York Stock Exchange parent Intercontinental Exchange Inc (NYSE:ICE), the company's founder has become the world’s youngest self-made billionaire.

Polymarket founder and CEO Shayne Coplan reflected on the origins and his personal journey in setting up the cryptocurrency-based prediction market platform on Tuesday.

All three main U.S. equity indexes opened higher but closed lower as a seven-session winning streak for the S&P 500 came to an end.

Intercontinental Exchange Inc. (NYSE:ICE) traded higher Tuesday after the New York Stock Exchange owner unveiled a strategic investment in Polymarket, the event-probability and prediction market platform.

The investment follows a previous venture round that reportedly valued the prediction market at more than $1 billion.

Intercontinental Exchange Inc. (NYSE:ICE) rose 4% in premarket trading on Tuesday after reports said it will invest up to $2 billion in Polymarket, valuing the prediction market platform near $8 billion, according to WSJ.

Cryptocurrency bettors saw high chances of Ethereum (CRYPTO: ETH) hitting $5,000 this year as whales continued to pile on the second-largest cryptocurrency.

There is a 67% chance that the U.S. federal government shutdown will last longer than 10 days, according to bettors on Polymarket—and for stock traders that will feel like an eternity.

Editor’s Note: The future prices of benchmark tracking ETFs were updated in the story.

The ongoing government shutdown, which commenced at the start of the month, is now predicted by Polymarket to extend well into October, with a significant 70% probability of lasting until Oct.15th or even later.