Intercontinental Exchange Soars After $2 Billion Polymarket Stake Report Spurs NYSE-Owner Shares

New York Stock Exchange Parent Eyes Major Investment in Prediction Market

Intercontinental Exchange Seeks $2 Billion Stake in Polymarket

Intercontinental Exchange, the parent company of the New York Stock Exchange, saw its shares climb over 4% in premarket trading. This uptick followed a report by The Wall Street Journal, which cited sources indicating that the company is close to acquiring a $2 billion stake in Polymarket. This deal is projected to value Polymarket between $8 billion and $10 billion, highlighting the growing interest in prediction markets.

Prediction Markets Gain Traction

As prediction markets gain popularity, Polymarket’s competitor, Kalshi, has experienced a significant rise in trading volumes, spurred by the introduction of sports-related contracts. This market shift underscores the increasing relevance and mainstream acceptance of prediction markets in today’s economic landscape.

Polymarket’s Strategic Moves

Earlier this year, Polymarket attracted investment from 1789 Capital, a fund with backing from Donald Trump Jr. Additionally, the company recently received approval to operate in the United States. CEO Shayne Coplan announced on social media platform X, “Polymarket has been given the green light to go live in the USA by the @CFTC. Credit to the Commission and Staff for their impressive work. This process has been accomplished in record timing.”

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