Intercontinental Exchange said on Friday it had invested $600 million in prediction markets platform Polymarket, as the New York Stock Exchange parent expands into the fast-growing event-based trading segment.
The funding is part of the exchange operator’s previously announced plan to invest up to $2 billion in Polymarket, the company said.
Prediction markets have shifted from a niche corner of crypto and academic finance into a rapidly growing trading segment in under two years, with volumes and user activity surging.
ICE said the…
