Polymarket Expands into Equity Prediction Markets with ICE Backing
Polymarket has launched up/down markets for equities and indices, allowing users to bet on stock price movements. The platform now leverages data from The Wall Street Journal and Nasdaq to settle contracts, marking a strategic pivot toward traditional finance.
Intercontinental Exchange plans to invest up to $2 billion in the prediction market platform, valuing Polymarket at $9 billion. This expansion follows a surge in activity, with Kalshi and Polymarket collectively processing $1.4 billion in trading volume last month.