🚨 Bloomberg reports that ICE invests $2 billion in Polymarket, what does it mean?

ICE, the parent company of the New York Stock Exchange, wants to invest in Polymarket, with an amount as high as 2 billion USD, resulting in a post-investment valuation of 9 billion. This is essentially defining prediction markets as mainstream financial infrastructure.

Let Uncle Ai analyze—

1. The prediction market has officially been taken over by Wall Street.

ICE = the parent company of the New York Stock Exchange and 11 derivatives exchanges. After they enter the market, compliance, licensing, and liquidity will all be in place, and institutional players will enter the market on a large scale, thus predicting the market will break through the crypto barrier.

2. Polymarket will be bigger, but possibly more centralized.

The influx of money from traditional giants usually means that sensitive topics may be taken down (with political betting being the first to go); liquidity increases, but freedom decreases.

3. Why does this instead highlight the value of OracleX?

Polymarket belongs to the application layer, and while it raises funds, it also brings some restrictions, but the underlying protocol like OracleX is peer-to-peer.

Because OracleX does not belong to any frontend, even if there are restrictions on the frontend, anyone can set up another one, so the prediction market will not be monopolized and will not be shut down.

📌 Applications can be acquired, but truly decentralized protocols cannot. The entry of ICE will only make decentralized prediction protocols more important.