NYSE-parent Intercontinental Exchange invests $600 million in Polymarket

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.