The Latest Breaking News from Polymarket

Blockchain-based prediction platform Polymarket introduced a new “up/down” equity market feature, allowing users to bet on specific stocks and benchmarks.

Polymarket is a crypto-native company, which could put it in position for a windfall.

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.