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Exchanges are buying into prediction markets as a data contest follows, Crypto News analysis says
- Exchanges are buying into prediction markets as a data contest follows, Crypto News analysis says — A Crypto News analysis frames large exchange investment in prediction markets as a contest over probability data, citing ICE completing a 2 billion dollar commitment to Polymarket and Kalshi raising about 1 billion dollars at a 22 billion dollar valuation. It also notes a jointly backed 35 million dollar venture fund for the sector and institutional distribution deals. (Crypto News)
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