NYSE Owner Eyes Massive $2B Stake in Polymarket; Is a $10B Valuation Imminent?

Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange (NYSE), is reportedly in advanced talks to acquire a $2 billion stake in Polymarket, a fast-growing crypto-based prediction platform. According to a Wall Street Journal report citing people familiar with the matter, the deal could be announced as soon as Tuesday, potentially valuing Polymarket between $8 billion and $10 billion. Shares of ICE climbed more than 4% in pre-market trading following the news, as investors react ...