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Polymarket's Billionaire Founder Gains Major Investment Amid ...
2025-10-09 10:30:10
Business
Companies
Technology

Polymarket's Billionaire Founder Gains Major Investment Amid Speculation on POLY Token

Shayne Coplan, the founder of Polymarket, has recently joined the ranks of billionaires following a substantial $2 billion investment from the Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange. This deal elevates Polymarket’s valuation to approximately $9 billion, signaling a significant endorsement from a major player in the financial market.

Despite past regulatory challenges, including a ban on serving U.S. clients, Coplan's platform has evolved into a legitimate financial entity with institutional support. Additionally, speculation is growing around a potential launch of a POLY token, which could further enhance Polymarket's standing in the cryptocurrency space.

As the platform continues to gain traction, it has established itself as a unique alternative to traditional betting methods.

Related news on that topic:

ICE Invests $2 Billion in Polymarket, Reshaping Prediction Market ... Landscape

Intercontinental Exchange (ICE), the parent company of the NYSE, has made a significant investment of $2 billion in Polymarket, a cryptocurrency-based prediction market, bringing its valuation to $9 billion. This strategic move signals ICE's intention to integrate traditional finance with the burgeoning crypto sector. The investment comes amidst substantial leadership changes and regulatory challenges for Polymarket, which has been under scrutiny by US authorities. As prediction markets gain traction, this partnership positions ICE as a key player in distributing event-driven data and exploring future tokenization opportunities. This deal illustrates a broader trend towards mainstream acceptance of prediction markets, which allow users to wager on various outcomes, thus expanding their reach and potential within the financial landscape.

The press radar on this topic:

The Street
18. Oktober 2025 um 07:38

Wall Street giant acquires major stake in Polymarket

The Intercontinental Exchange, Inc. (ICE), parent company of the New York Stock Exchange, invested up to $2 billion in Polymarket, a crypto-based prediction market valued at approximately $8 billion pre-investment. The partnership will make ICE a global distributor of Polymarket's event-driven data and enable future tokenization initiatives. This deal marks a significant step for Polymarket, which has faced legal scrutiny but benefited from the US regulatory environment under the Trump adminis..
The Street
10. Oktober 2025 um 20:29

Youngest self-made crypto billionaire built his company in a bathroom

Shayne Coplan, a 27-year-old dropout from New York University, has become one of the youngest self-made billionaires after his prediction market platform, Polymarket, received up to $2 billion investment from the parent organization of the New York Stock Exchange. Founded in June 2020, Polymarket allows users to bet on real-world outcomes, including elections and sporting events, with a unique financial contract model that distinguishes it from traditional gambling. However, the platform faced..
Cointelegraph.com News
8. Oktober 2025 um 19:04

Polymarket founder Coplan joins billionaires club after NYSE parent's investment: Report

Shayne Coplan, founder of prediction market platform Polymarket, has joined the billionaires club after New York Stock Exchange parent Intercontinental Exchange (ICE) invested $2 billion in his company. This valuation brings Polymarket's worth to $9 billion. Coplan was banned from serving US clients in 2022 but received CFTC approval in September 2025, marking a shift towards legitimate financial markets with institutional backing.
Crypto.news
9. Oktober 2025 um 08:19

Polymarket could soon launch a token and the airdrop could be massive

Polymarket CEO Shayne Coplan's cryptic tweet has sparked speculation about a potential POLY token launch and massive airdrop. The tweet listed various cryptocurrencies before ending with 'POLY', suggesting something big is brewing for the prediction market platform. Polymarket currently holds 2.46% of crypto conversations, trailing behind Bitcoin, BNB, Solana, and Ethereum, making it the fifth most talked-about project.
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