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Gasthalter & Co. represents Polymarket as the world’s largest predictions market receives a $2B investment from Intercontinental Exchange, parent of the New York Stock Exchange. The deal values crypto-based Polymarket at about $8B.
"Our partnership with ICE marks a major step in bringing prediction markets into the financial mainstream," said Shayne Coplan, founder/CEO of Polymarket.
Combining ICE’s institutional scale and credibility with Polymarket’s consumer savvy, will result in delivering world-class products to the modern investor, he added.
The Wall Street Journal predicts the ICE connection will enable Polymarket to re-establish its presence in the US. Founded in 2020, Polymarket users bet on the outcomes of sports, political races and cultural issues.
Several countries ban Polymarket as an unlicensed offshore gambling platform, and it has been inactive in the US since 2022.
Polymarket’s ties with US officials have improved under the crypto-friendly Trump administration.
Donald Trump Jr. joined Polymarket’s advisory board in August and his 1789 Capital investment firm has a stake in the company.
Gasthalter & Co’s Carissa Felger represents Polymarket.
C Street Advisory Group is handling the Chapter 11 filing of LIV Golf following the move by Saudi Arabia’s Public Investment Fund to pull the financial plug on the League. (Updated)
Teneo handles Bamboo Insurance Services as the Midvale, UT-based marketer of homeowner policies files a Form S-1 statement with the SEC for an initial public offering.
FTI Consulting handles West Marine as the nation’s leading retailer of marine parts and accessories for boating, fishing and sailing enthusiasts emerges from Chapter 11 bankruptcy.
Throughline Global Advisors represents Principal Mineral as it acquires Conductive Group, manufacturer of advanced materials for the aerospace, telecommunications and electronics sectors.
Trump Media & Technology Group posted a $238M Q2 loss on $1.7M in revenues. That performance compares to a $20M loss and $883K revenues in the 2025 comparable quarter.
