Wall Street Giant’s $2 Billion Bet on Crypto Predictions – Why NYSE’s Owner is Backing Polymarket
Intercontinental Exchange Inc. – best known as the owner of the NYSE and other major exchanges – is nearing a deal to buy a $2 billion stake in Polymarket, according to reports by The Wall Street Journal and Bloomberg. Such an investment would value the upstart platform as high as $8–10 billionreuters.comenergyconnects.com, making it one of the richest deals ever in the emerging prediction market sector. A formal announcement could come as soon as today, sources told the WSJenergyconnects.com.