Why polymarket Is Trending Today?

MetaMask, a popular Ethereum wallet, has integrated Polymarket, a prediction market platform, allowing users to bet on various events using cryptocurrency. Shayne Coplan, the founder of Polymarket, has become the youngest self-made billionaire following a $2 billion investment from the New York Stock Exchange's parent company, Intercontinental Exchange (ICE). Coplan has hinted at the launch of a native token, POLY, after the investment. MetaMask has also unveiled perpetual futures trading, powered by Hyperliquid and Polymarket.

MetaMask, a popular crypto wallet, has added Polymarket prediction markets and introduced perpetual trading with Hyperliquid. Meanwhile, a New York stock exchange owner has invested $2 billion in Polymarket, marking a significant move into the crypto space. This investment comes after Polymarket revealed $205 million in previously undisclosed funding over the past two years. The Polymarket founder has become the youngest self-made billionaire following this deal. MetaMask has also integrated Polymarket as it transforms into a trading app. Polymarket allows users to trade event outcomes like stocks or crypto, marking a breakthrough in prediction markets. The NYSE owner's investment in Polymarket signals a shift towards prediction markets gaining mainstream traction. Polymarket has raised $2 billion at a $9 billion valuation from the NYSE parent, pushing its valuation ahead of Kalshi. However, the race for prediction market dominance is still open. Polymarket has also introduced Bitcoin deposits for users, further expanding its offerings.

Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange (NYSE), is set to invest $2 billion in Polymarket, a prediction market platform. This investment values Polymarket at $9 billion, with ICE potentially acquiring a 25% stake. The deal, reported by The Wall Street Journal, is nearing completion and could significantly expand Polymarket's liquidity, as it now enables direct Bitcoin deposits.

Donald Trump Jr. has joined Polymarket's advisory board following a strategic investment from 1789 Capital. Polymarket, a decentralized prediction market platform, is set to strengthen its U.S. presence with Trump Jr.'s addition and the recent funding. The platform has also predicted a 62% chance of Bitcoin's price falling below $100K this year. Meanwhile, Polymarket's odds suggest that Jerome Powell's replacement as Fed Chair is imminent, with the Trump team considering 11 candidates. In other news, a former Polymarket team has launched The Clearing Company, a prediction market platform, securing $15 million in funding.

A user on Polymarket accurately predicted Taylor Swift's engagement a day before the announcement, sparking a betting spree. Donald Trump Jr. has joined the board of Polymarket, following a multimillion-dollar investment from his venture capital firm, 1789 Capital. The prediction market platform has gained attention for its accurate forecasts, including a recent decrease in the probability of Jerome Powell being removed as Federal Reserve Chair this year.