Tag

Nyse

All articles tagged with #nyse

business3 months ago

NYSE Parent to Invest $2 Billion in Polymarket Amid Growing Prediction Market Trend

Intercontinental Exchange, owner of the NYSE, plans to invest $2 billion in prediction market platform Polymarket, valuing it between $8 billion and $10 billion, leading to declines in stocks of competitors DraftKings and Flutter Entertainment. The move signifies growing institutional interest in crypto-based prediction markets, despite regulatory challenges in the U.S.