Intercontinental Exchange Inc., owner of the New York Stock Exchange, plans to invest as much as $2 billion in cash in Polymarket, a crypto-based betting platform. The transaction values the company, which lets traders wager on the outcome of real-world events such as elections and sports, at roughly $8 billion, ICE said in a statement Tuesday. Most Read from Bloomberg ICE will become a global distributor of Polymarket’s event-driven data, providing customers with sentiment indicators on topics in the m ...

Group 1 - Intercontinental Exchange's shares rose over 4% in premarket trading following reports of a nearing $2 billion stake deal in Polymarket, valuing the company between $8 billion and $10 billion [1] - Prediction markets are becoming more mainstream, with Polymarket's competitor Kalshi experiencing significant trading volume increases due to sports-related contracts [2] - Polymarket received approval to launch in the U.S. from the CFTC, with CEO Shayne Coplan praising the Commission for their expedited process [3] Group 2 - Earlier this year, Polymarket secured an investment from 1789 Capital, which is associated with Donald Trump Jr. [2]

Valued at $95.4 billion by market cap, CME Group Inc. (CME) is the world's largest and most diverse derivatives marketplace, operating major exchanges such as the Chicago Mercantile Exchange (CME) and the Chicago Board of Trade (CBOT). The company, headquartered in Chicago, Illinois, provides crucial platforms for trading futures and options across a wide range of asset classes, including interest rates, energy, and equity indexes. The leading derivatives marketplace is expected to announce its fiscal thi ...

Tom Yeung here with your Sunday Digest. In 1792, 24 merchants and brokers gathered on Wall Street to sign the Buttonwood Agreement, which became the foundation for the New York Stock Exchange (NYSE).  They got a great deal. Over the following two centuries, entry into the fast-growing NYSE became harder and pricier to come by. By the 1990s, memberships (seats) were sold for over $6 million in inflation-adjusted dollars. Now, the funny thing about these types of security “marketplaces” is that they are the u ...

The CME Group, a leading derivatives marketplace in traditional finance (TradFi), announced the expansion of its crypto offerings—in particular, futures and options—to around-the-clock trading, working 24 hours a day, seven days a week. According to a press release published on October 2, this offering is planned to start by early 2026, depending on regulatory review by the proper government agencies. Operations happening at times when TradFi markets are closed will come with a trade date of the following ...

SINGAPORE – Institutional investors are quickly embracing CME’s futures for XRP (XRP) and solana (SOL), both launched earlier this year, alongside steady growth in bitcoin (BTC) and ether (ETH) derivatives, according to Tim McCourt, the exchange’s Global Head of Equity & FX Products. Speaking at the ongoing Token2049 conference attended by CoinDesk, McCourt stated that total crypto futures open interest, a key indicator of institutional activity, has doubled year-over-year, now reaching $30 to $35 billion ...

Investors are ramping up their bets on market turbulence, with positions tied to the CBOE Volatility Index (VIX) hitting levels not seen in years. Specifically, net dealer long positions in VIX futures have surged to about 87,000 contracts, the highest in at least four years, according to the Commodity Futures Trading Commission (CFTC) as cited by The Kobeissi Letter on September 30.VIX dealer positions. Source: CFTCThe sharp increase partly reflects a rush into exchange-traded products designed to profit f ...

Group 1: Market Overview - The market is currently under pressure due to the potential government shutdown, which raises concerns about the availability of jobs data and reliance on non-traditional data sources [2][3] - Despite the potential shutdown, it is anticipated that the market may not react as negatively as expected, presenting a buying opportunity for investors [3] Group 2: American Express - American Express is positioned well due to its focus on high-income consumers, which has shown resilience in economic data [5][6] - The company's "platinum refresh" strategy has historically reduced customer attrition rates, indicating strong customer loyalty [7] - The stock has appreciated approximately 23% over the past 12 months, suggesting a period of strength for financial companies [8] Group 3: CME Group - CME Group is innovating in market infrastructure with a focus on tokenization and blockchain, which could enhance efficiency and lower costs for end users [14][16] - The company is experiencing a shift towards event contracts, which are gaining popularity in the retail space [15] - Recent price movements indicate a potential recovery, with key resistance levels identified around 275 and 281 [20][21] Group 4: Spotify - The announcement of CEO Daniel Ek stepping down has led to a 5% drop in shares, but this is viewed as a buying opportunity rather than a red flag [22][23] - Spotify holds a dominant position in the global music streaming market, with a 45% share excluding China and Russia, and is expanding its revenue streams [25][26] - Year-to-date, Spotify shares are up nearly 55%, despite recent volatility due to leadership changes [32]

European Banking Authority stablecoin. Photo by BeInCrypto Europe’s largest exchange operator is moving to put stablecoins inside its market infrastructure. The step is designed to push the euro closer to relevance in digital finance. Deutsche Börse Group said it will work with Circle Internet Financial to deploy the issuer’s euro- and dollar-backed tokens under the EU’s new crypto rulebook. The initiative also follows recent pilots where Circle’s USDC and EURC were used by Visa to test faster cross-borde ...

Deutsche Börse Group (DB1) signed a memorandum of understanding with Circle Internet Group (CRCL) to bring regulated stablecoins into Europe’s financial market infrastructure. The agreement aims to integrate Circle’s euro- and dollar-pegged tokens, EURC and USDC, into trading, settlement and custody services across the exchange operator’s platforms, the firms said in a statement on Tuesday. There has been a flurry of stablecoin activity focused on Europe of late, with the likes of SogGen’s FORGE subsidia ...