NYSE parent Intercontinental Exchange to invest $2 billion in betting platform Polymarket

Intercontinental Exchange (ICE) announced on Tuesday that it plans to invest up to $2 billion in Polymarket. This investment aims to support the New York Stock Exchange parent company's efforts to diversify beyond its traditional trading activities, especially as there is increasing interest in prediction markets.

Polymarket, which permits users to profit from predicting outcomes across topics including sports, entertainment, politics and the economy, has been valued at around $8 billion pre-investment.

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