Is this good/bad for Gambling industry? NYSE Invest to Polymarket

[GreatArkansas]

The largest exchange company in the world is investing $2 billion in Polymarket - a crypto-based prediction market platform.

Since Polymarket is a crypto-based prediction market, is this good for the entire cryptocurrency industry, and on the gambling platforms that mainly use cryptocurrencies?
I am also curious why a crypto-based prediction market really needs this huge amount of money.

News about this:
NYSE owner takes $2 billion stake in Polymarket as prediction markets heat up
NYSE Invests in Polymarkets as Prediction Markets Here to Stay: 3 Best Polymarket Bets This Month?

[fullfitlarry]

It's all business at the end of the day, regardless if it is fiat or crypto based, those investors saw the huge opportunity to make a lot of money for them. And strike while the iron is hot as they say. Polymarket has been one of the most hottest gambling or betting platform and so it's very easy for NYSE to invest their money on it.

And it might have a trickle effect on the market itself as you have said. Although we have ETF already that solidifies Bitcoin or crypto as a good investment and becoming the best asset unlike before wherein it was just seen as a fad and experiment.

So it's a win-win for us.

[_act_]

Since Polymarket is a crypto-based prediction market, is this good for the entire cryptocurrency industry, and on the gambling platforms that mainly use cryptocurrencies?
I am also curious why a crypto-based prediction market really needs this huge amount of money.

It is good for polymarket than the entire crypto industries directly, but indirectly it is good for the entire crypto industries because some companies will because of this also start to like cryptocurrencies. Cryptocurrencies market will become larger and larger and this is one of the reasons.

[iv4n]

It's always nice to see big players & serious money getting into the crypto gambling space. What Polymarket needs all that money for is far less interesting than why ICE decided to dive into crypto betting with such a huge investment. Short quote from one of the articles OP shared says a lot:

As part of the latest deal, ICE will use Polymarket's event-driven data to provide sentiment indicators on relevant market topics.
"The real prize for ICE is not just clearing contracts but monetizing the data, selling odds as sentiment factors alongside rates and credit where every rumor pays a fee," said Michael Ashley Schulman, partner and CIO at Running Point Capital Advisors.

The real prize is monetizing the data... so the real prize, or better to say, the real money is in the information. And they gave $2 billion to have access.

[Agbamoni]

It's all business at the end of the day, regardless if it is fiat or crypto based, those investors saw the huge opportunity to make a lot of money for them. And strike while the iron is hot as they say. Polymarket has been one of the most hottest gambling or betting platform and so it's very easy for NYSE to invest their money on it.

$2 billion is a huge amount. This is the first time I am seeing such company invest in the gambling industry with that kind of amount.
No doubt, Polymarket has been the thriving so far, and I really appreciate what the founders and developers have done. However, we should be expecting intriguing feature soo. Hopefully, this will be a big win for the gambling industry and more investors will troop in.

[danherbias07]

I doubt they didn't study about this.

They may have a goal in the end, and I think that's increasing their money in the next few years. But let's remember, they are not investing to support Polymarket or cryptocurrencies. These are all for the increase of fiat in value so that when they return to investing in it, they will have more profit.

The question is, will NYSE walk away if they see no progress? I doubt that, but it could happen. We have seen ups and falls of different platforms and even a gambling platform has no escape from it.

[retreat]

I am also curious why a crypto-based prediction market really needs this huge amount of money.

Polymarket is a profit-oriented business, so if someone were to invest in Polymarket, especially with such a large sum, they would immediately jump at the opportunity to use the funds to grow the business and develop their platform to become more competitive in the global prediction market. Therefore, this is simply a typical investment deal, with both the NYSE and Polymarket benefiting from the partnership. And there likely won't be any impact on the gambling or crypto industries, as this investment deal is purely between the two companies.

[JeffBrad12]

Since Polymarket is a crypto-based prediction market, is this good for the entire cryptocurrency industry, and on the gambling platforms that mainly use cryptocurrencies?

It's only good for Polymarket, not crypto. My honest opinion it seems NYSE is just aware on how gambling is just getting normalized these days. People can easily access it. So they invest in Polymarket to anticipate that thing.
However, it must be noted that i don't like that platform as there so many bots around there. I never expected NYSE would make this unpredictable move, and i'm not a fan from this. It would better for them to invest in the perp platform instead of prediction market.

[yhiaali3]

Of course, any new investment will be beneficial to the market as a whole and to gambling platforms that rely primarily on cryptocurrencies. This massive influx of liquidity will enter the market and lead to further recovery.

I also don't know why the cryptocurrency prediction market needs such a huge sum, but what I do know is that the New York Stock Exchange is certain this investment will be profitable, otherwise it wouldn't have risked investing $1 billion in Polymarket.

[Zlantann]

Since Polymarket is a crypto-based prediction market, is this good for the entire cryptocurrency industry, and on the gambling platforms that mainly use cryptocurrencies?

Polymarket is simply a crypto-related business established for profit-making. It became popular during the last US presidential elections for its slightly accurate predictions. Since then, it has been a good platform to collect data since it is believed to be decentralised. But the Intercontinental Exchange (ICE)'s massive financial involvement might make the platform become biased to manipulate the market.

I am also curious why a crypto-based prediction market really needs this huge amount of money.

Polymarket is diversifying into other business areas. They recently acquired a CFTC-licensed derivatives exchange and clearinghouse, QCEX, for $112 million. So they are entering the business like clearing contracts, monetising the data, and selling odds as sentiment factors alongside rates and credit. The amount might also be to settle the owner of Polymarket.

https://www.reuters.com/business/nyse-parent-nears-deal-2-billion-stake-polymarket-wsj-reports-2025-10-07/

    

[AVE5]

The largest exchange company in the world is investing $2 billion in Polymarket - a crypto-based prediction market platform.

Since Polymarket is a crypto-based prediction market, is this good for the entire cryptocurrency industry, and on the gambling platforms that mainly use cryptocurrencies?
 am also curious why a crypto-based prediction market really needs this huge amount of money.

You're being so curious because the money is said to had been invested in a prediction market and you think it's risky as bettors who're betting against the house edge. If the money had been invested on stocks and crypto such as bitcoin investment I don't think you'll be so anxious. But it's best for you to understand that such is also means of investment because bettors will always loose than their wins as usual and that's how much profitable positions the company may stand. There're also varieties of events in the poly market which may drive massive players interests so, the industry has to be prepared with enough funds to credit winners regardless how much won and number of winners in the market.

[bhadz]

It's good for the crypto market and the crypto gambling industry. Because if they're being supported by the NYSE, this also gives the idea to the people who look upon to this stock exchange that they are now aware of crypto and there's a good reason why they're investing into it. So, if someone who's wise to think of those good reasons, they'll have a thought that they should invest as well but not mainly to polymarket but to bitcoin or any crypto that they know of. As for the gamblers, they'll now have more platforms to go gamble with. Although for the crypto gambling industry, this is a big industry and this just adds a competition but I don't see it as a tough competition to be worried of.

[Ivystar5]

I am also curious why a crypto-based prediction market really needs this huge amount of money.

Well you don't need to be surprised, currency the world is fastly moving to gamble more on poly market, especially when it has to do with social phenomenals, eventa happening around the world and that is driving polymarket a lot of revenue and NYSE seeing that amount for profits that is able to come out of polymarket in few years of it's gaining ground in the world, they saw and opportunity to grab more. It might be weird but that's cool  in my opinion.

[Sandra_hakeem]

The largest exchange company in the world is investing $2 billion in Polymarket - a crypto-based prediction market platform.

Since Polymarket is a crypto-based prediction market, is this good for the entire cryptocurrency industry, and on the gambling platforms that mainly use cryptocurrencies?
I am also curious why a crypto-based prediction market really needs this huge amount of money.

What's the exchange company that we're talking about in this discussion? I haven't been able to figure that out. Maybe I'm a bit slow? Hold on..
Edit: Got it.. never knew what NYSE was so I had to look it up-- $2 billion is huge for a stake, but they're definitely going to run on a long-term profit so I'm not worried.

The real prize is monetizing the data... so the real prize, or better to say, the real money is in the information. And they gave $2 billion to have access.

That's only means that we've been deceived all these whole time, is that your point? I don't want to believe that, but we're not dumb to not understand what you said here huh.

[sheenshane]

It could be beneficial for both sides.
For the exchange company, it seems it's all about businesses that want to gamble their money.
While in the crypto gambling industry will increase awareness and might become a trend, and more crypto betting/prediction companies will come.

But I saw a negative impact that might happen as a consequence of this.
It might attract regulatory eyes, which possibly push regulators to apply stricter gambling/financial rules and increase competition for smaller operators.

[Darker45]

That's an addition, so I don't find any reason why it isn't a good thing for the wider cryptocurrency market, even for the gambling industry. It's an altogether different discussion though if one points out that cryptocurrency is supposed to represent this and that. Polymarket is into the prediction business. It's the largest player in the market right now and with so much potential in the future. It isn't surprising that big names would wish to have a stake in it.

[Fivestar4everMVP]

The largest exchange company in the world is investing $2 billion in Polymarket - a crypto-based prediction market platform.

Since Polymarket is a crypto-based prediction market, is this good for the entire cryptocurrency industry, and on the gambling platforms that mainly use cryptocurrencies?
I am also curious why a crypto-based prediction market really needs this huge amount of money.

Well, maybe I would also be asking the same question if this is something I really care about, but forturnate enough, it isn't, so all did do is congratulate polymarket and believe this money expands their business even higher than they currently are..

But also on the other hand, I think the money invested in polymarket isn't that real catch, the real catch is the fact that the world largest trading exchange in all markets is investing in a crypto based prediction platform, this is mega bullish for crypto generally, is clearly shows that crypto is indeed going and becoming a mainstream assets across the world.

Congratulations to polymarket and also big ups to NYSE, and also congratulations to the entire crypto community, this is definitely a win whether or not we believe it is.

[MArsland]

Since Polymarket is a crypto-based prediction market, is this good for the entire cryptocurrency industry, and on the gambling platforms that mainly use cryptocurrencies?

It's only good for Polymarket, not crypto. My honest opinion it seems NYSE is just aware on how gambling is just getting normalized these days. People can easily access it. So they invest in Polymarket to anticipate that thing.
However, it must be noted that i don't like that platform as there so many bots around there. I never expected NYSE would make this unpredictable move, and i'm not a fan from this. It would better for them to invest in the perp platform instead of prediction market.

That's what came to mind when I heard about polymarkets, which aim to normalize gambling in a more elegant way. Meanwhile, casino gambling is severely restricted by regulatory pressures such as KYC. Big gamblers can easily enter polymarkets, but for smaller users there seems to be no place there, and the only solution is that even in casinos they cannot play freely if they do not follow the regulations.

[BABY SHOES]

It could be beneficial for both sides.
For the exchange company, it seems it's all about businesses that want to gamble their money.
While in the crypto gambling industry will increase awareness and might become a trend, and more crypto betting/prediction companies will come.

But I saw a negative impact that might happen as a consequence of this.
It might attract regulatory eyes, which possibly push regulators to apply stricter gambling/financial rules and increase competition for smaller operators.

Yeah, this is beneficial for both parties... it's part of a profitable business.
This encourages bettors to use cryptocurrency because Polymarket is crypto-based for prediction betting... it's not surprising that other prediction betting markets will emerge.

The government will highlight this issue.
When there is attention from strict regulators, it's only natural that every player will be required to undergo KYC. This is not unusual, right?

[DubemIfedigbo001]

I think it's good for crypto space since polymarket uses crypto and it's re-entering the US space, so it's natural that NYSE it any other company takes a bite of the cake while it's still hot. NYSE jumped into polymarket to make profits too on a personal orientation since they'll be monetizing it's data. It's a win win situation both for the polymarket and NYSE and other data driven industries might follow suit with time.