Polymarket, a leading prediction market platform, has announced a $2 billion strategic investment from Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange. This significant funding round elevates Polymarket's valuation to $9 billion, underscoring the increasing interest in prediction markets within the Web3 space. The investment highlights the competitive landscape as both decentralized and regulated entities, such as Hyperliquid and Kalshi, expand their presence in the market. Polymarket, known for its accurate election predictions in 2024, is also advancing its regulatory compliance by acquiring a CFTC-licensed platform.