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Shares of New York Stock Exchange Parent, Intercontinental exchangeAfter the company announced, more than 1% daily took a $ 2 billion stake in the predicted markets platform Polymarket.
The deal gave the importance of about 8 billion dollars to polymercate, both companies said in a release.
“There are opportunities in the markets that can uniquely serve with polymercate and we are excited about where this investment can take us.”
The deal comes when the prophecy markets become more mainstream, enjoying sharp trading volumes for the implementation of sports-related contracts with polymercate rival Kalashi. According to the analysis of Piper Sandler, the prediction market industry revenue can climb up to $ 8 billion by 2030 as this game takes market share from the gambling industry.
Earlier this year, Polymarket also earned an investment 1789 from the capitalWhich is supported by Donald Trump Junior. The company was also greenlight last month to launch in the US
Shayne Koplan, the founder and CEO of Polymercate, wrote that, “By combining the institutional scale of the ice and the consumer lover of the polymercate, a combination of reliability with the consumer lover, we will be able to distribute world -class products for modern investors.”
This deal was first reported The Wall Street Journal,
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