New York Stock Exchange parent company, Intercontinental Exchange, has completed its investment into prediction market platform Polymarket, totalling $1.6 billion. The funding is part of an equity capital fundraising by Polymarket and ICE plans to purchase up to $40 million worth of Polymarket securities from existing holders. The investment comes amidst regulatory scrutiny for prediction markets like Polymarket or Kalshi, which have recently raised $1 billion. Massachusetts Rep. Seth Moulton banned his staff from trading on platforms like these due to concerns about insider trading.