NYSE-owner Intercontinental Exchange Buys $2B Stake In Polymarket

Benzinga

Intercontinental Exchange shares climbed over 3% after announcing a $2 billion investment in prediction markets platform Polymarket, valuing it at $8 billion. CEO Jeffrey Sprecher said the deal expands ICE’s financial innovation footprint. Backed by 1789 Capital, Polymarket’s rise signals growing mainstream acceptance of prediction markets.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:02Intercontinental exchange shares rose more than 3% in pre-market trading on Tuesday, according to CNBC.

00:08New York Stock Exchange Perron announced a $2 billion investment in prediction markets platform Polymarket,

00:13valuing it at about $8 billion.

00:16ICE CEO Jeffrey Sprecher said the partnership will create new opportunities across financial markets.

00:21Polymarket is backed by 1789 Capital, funded by Donald Trump Jr., and received U.S. approval to launch last month.

00:27The deal underscores the growing mainstream acceptance of prediction markets,

00:31which can reach $8 billion in revenue by 2030, according to Byper Sandler.

00:35For all things money, visit Benzinga.com.

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