Wall Street’s $2 Billion Bet on the Future: NYSE Owner Goes All-In on Polymarket Prediction Markets
Intercontinental Exchange, owner of the NYSE, is investing up to $2 billion in Polymarket, valuing the crypto-based prediction market platform at $8–10 billion. ICE’s stock rose about 4% after the announcement before stabilizing. Polymarket recently secured U.S. regulatory approval after acquiring a CFTC-licensed exchange. The U.S. launch is pending final regulatory steps.