NYSE Owner to Acquire $2B Stake in Polymarket

Intercontinental Exchange (ICE), owner of the New York Stock Exchange, is in advanced talks to invest $2 billion in crypto-based prediction market Polymarket, a deal that would value Polymarket between $8 billion and $10 billion.  The move signals growing institutional interest in event-based markets, supports Polymarket’s efforts to reenter the U.S. market after regulatory challenges, and could position ICE as a distributor of event data and sentiment indicators.