00:00Well, this is yet another example of traditional financial firms embracing the new guard, embracing the crypto players and embracing the prediction markets under this more friendly regime under President Trump.
00:13And any time a storied institution like ICE, which owns the New York Stock Exchange, any time that it puts a huge amount of money, two billion, into a business, it lends credibility to that business.
00:24And we could argue that polymarket has been seeking to boost its credibility in the U.S. because it was actually banned from U.S. users in 2022, subject to probes examining whether it continued to allow U.S. users to use its platforms.
00:40And those probes were dropped earlier this year.
00:42Again, another example of authorities under Trump reversing course on Biden-era actions.
00:48Is something like polymarket useful to investors?
00:52Has it been more and more popular?
00:53Well, this is part of the deal.
00:55Polymarket, through this deal, it gets this direct channel to institutional investors who trade on NYSEE.
01:02And then, likewise, for ICEE, for NYSEE, they get access to polymarket's customers.
Be the first to comment