Shares of Intercontinental Exchange (NYSE:ICE) — the parent company of the New York Stock Exchange (NYSE) — rose more than 4% in pre-market trading on Tuesday, after a report from The Wall Street Journal suggested the firm is nearing a $2 billion investment in Polymarket, a cryptocurrency-based prediction platform.
According to the report, Intercontinental Exchange is in the final stages of negotiations and could announce the deal as early as Tuesday. The investment would reportedly value Polymarket between $8 billion and $10 billion, marking a major milestone for the growing sector of blockchain-driven forecasting platforms.
Polymarket, based in Manhattan, New York City, runs an online platform where users can place bets on future events ranging from economic data releases and weather developments to entertainment awards and political outcomes.
If completed, the deal would mark Intercontinental Exchange’s first major step into the cryptocurrency and prediction market space, signaling a strategic expansion beyond traditional financial markets.
Intercontinental Exchange stock price
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