Polymarket completes its first bulk transaction, accelerating its penetration into the mainstream financial system on Wall Street BlockBeats News: On June 2nd, according to CNBC, Polymarket, a prediction market platform, completed its first institutional block deal related to artificial intelligence computing infrastructure, which the company exclusively disclosed to CNBC. The bulk transaction, which amounts to six figure dollars, was completed by digital asset broker FalconX and trading technology startup Anera Labs. The contract traded by both parties is linked to the Ornn Compute Price Index, which tracks the rental price of NVIDIA H100 GPU chips and is one of the important benchmarks for measuring the cost of AI computing power. Brooke Rizzetto, Head of Institutional Liquidity at Polymarket, said: 'The predictive market is becoming one of the most promising platforms for institutions to conduct bulk trading, and this transaction is the best proof. Seeing institutional counterparties using Polymarket to hedge their real GPU computing exposure on a large scale is the future we have been striving to build.'. [Original link]