Updated on October 10, 2025

The rise of prediction markets.

The rise of prediction markets.

ICE invests $2 billion in Polymarket.


The Intercontinental Exchange (ICE), owner of the New York Stock Exchange, is investing $2 billion in Polymarket, marking the largest private funding round in crypto history. Polymarket is a platform for prediction markets, where users trade on the outcome of events such as elections, rate cuts, or sporting results.

This move signals a turning point: traditional finance is stepping into a new type of market where information itself becomes an asset class. ICE plans to use Polymarket to develop regulated event data and build bridges between traditional exchanges and on-chain markets. The result is the birth of a new investment frontier — the market for information.

UK lifts 4-year crypto ban.


After four years of restrictions, the UK’s Financial Conduct Authority (FCA) has lifted the ban on crypto exchange-traded notes (ETNs) for retail investors. This means that UK investors can once again gain exposure to Bitcoin and Ethereum ETNs through regulated exchanges like the London Stock Exchange and Cboe UK.

The move reflects a broader trend of governments shifting from exclusion to integration. London aims to reclaim its role as a leading financial hub for digital assets. The message is clear: crypto is evolving into a fully recognized investment class under regulatory oversight.

Gold breaks $4,000 — Bitcoin may be next.


Gold surpassed the symbolic $4,000 per ounce mark this week — a new all-time high. Historically, Bitcoin tends to follow gold’s price moves with a few months’ delay. If that pattern repeats, this could be an early signal of renewed upside momentum for the crypto market.

The parallels between gold and Bitcoin are growing stronger: both act as hedges against monetary debasement and as alternatives to fiat currencies. Gold has long been the safe haven of the old financial system — Bitcoin is increasingly viewed as its digital successor.

Sign up to the Novelist Weekly

Receive our weekly insights in your inbox.