The Ballantines were both inducted by the Science Fiction Hall of Fame in 2008, with a shared citation.

[3] Ballantine Books was one of the earliest publishers of science fiction paperback originals, with writers including Arthur C. Clarke and Frederik Pohl.

Lin Carter edited their Ballantine Adult Fantasy series of classics by H. P. Lovecraft and others in the 1970s.

Ian and Betty Ballantine won one special World Fantasy Award for professional work in 1975 and another one shared with Joy Chant and other creators of The High Kings (Bantam, 1983), a reference book on the Matter of Britain that incorporates retellings.

[6] The speakers at his May 12, 1995, memorial service included Bantam Books publisher Irwyn Applebaum, Ballantine Books vice president George Davidson and Penguin Group chief executive Peter Mayer.