The countdown is on and the bets are flowing in. CNBC's Contessa Brewer joins us right now with more on this. And Contessa, here we go. >> Here we go.Yeah, the sports books are gearing up for their biggest single moneymaking event of the year. Becky, if you look only at the handle, the amount wagered on legal licensed sports books in the United States, the industry is looking to set another new record on this Super Bowl, $1.7% billion. FanDuel is the nation's market leader.And I asked CEO Amy Amy how about ...

COMMENT: Polymarket will handle trade verification, secure collateral, and ensure fair contract settlement, reducing risk for all participants.BSCN (@BSCNews):POLYMARKET NAMED CLEARINGHOUSE FOR DRAFTKINGS PREDICTION PLATFORM- Polymarket will handle clearing and settlement for DraftKings’ new predictions market, confirmed founder Shayne Coplan.- The announcement follows DraftKings' acquisition of Railbird Technologies to establish https://t.co/XIVy8VFEN5 ...

Core Insights - Intercontinental Exchange (ICE) is investing up to $2 billion in Polymarket, valuing the platform at approximately $8 billion [1][2] - Polymarket allows users to bet on real-world events rather than traditional trading, and is preparing to re-enter the U.S. market with ICE's support [2][5] - ICE aims to utilize Polymarket's event data to create "sentiment indicators" for institutional traders, potentially transforming data collection and sales [3][6] Investment and Market Reaction - Following the announcement, ICE's stock rose nearly 4% in early trading, indicating positive investor sentiment regarding the potential benefits of this investment [4] - The move reflects a growing convergence between financial markets and alternative betting platforms, which may attract attention from other similar platforms [4] Regulatory Considerations - Polymarket faced regulatory challenges in the U.S. for operating as an unregistered derivatives platform, leading to a temporary withdrawal from the market [5] - With ICE's resources, Polymarket is expected to navigate regulatory requirements more effectively upon its return [5] Long-Term Implications for ICE - This investment positions ICE in a new market segment, potentially leading to the development of event-driven data products [6] - If successful, this could provide ICE with a competitive advantage in a largely experimental space [6]

what is polymarket. Photo by BeInCrypto The Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange (NYSE), is reportedly nearing a $2 billion investment in Polymarket. It points to Wall Street’s most traditional player stepping into one of crypto’s most controversial frontiers. NYSE Owner ICE Reportedly Nears $2 Billion Investment in Polymarket Sources familiar with the matter told WSJ that the deal could value Polymarket at up to $10 billion. If it materializes, it would cem ...

🚨 CMC News: Donald Trump Jr. Invests in Polymarket Prediction Platform.🔗 https://t.co/qCzMPNGGYC https://t.co/2DX2d0XX3O ...