Polymarket's Decentralized Forecasting Draws $2 Billion Investment from NYSE Parent ICE

Prediction markets, such as Polymarket, are platforms that allow users to trade tokens or shares in the outcome of events, with prices reflecting perceived probabilities of the outcome. The NYSE's parent company, Intercontinental Exchange, invested $2 billion in Polymarket, signaling institutional adoption and potential for innovative financial products. The deal could mark a turning point for decentralized forecasting, which has the potential to harness the "wisdom of the crowd" and provide real-time event data.