NYSE Owner Backs Polymarket With $2 Billion Bet

Intercontinental Exchange Inc. (ICE), a Fortune 500 company and the parent company of the world’s largest New York Stock Exchange (NYSE), announced plans to invest up to $2 billion in the crypto-based betting platform Polymarket, marking one of the most significant moves by a traditional financial institution into decentralized prediction markets. The deal, announced Tuesday, values Polymarket at about $8 billion. Under the partnership, ICE will distribute Polymarket’s event-driven data to global clients, offering market sentiment insights drawn from real-world predictions. The two firms also plan to work together on tokenization projects. “Together, we’re expanding how individuals and institutions

Continue reading on DailyCoin.