Explore the latest developments concerning NYSE-owner Intercontinental Exchange.
NYSE-owner Intercontinental Exchange rises on report of $2 billion Polymarket stake
Shares of New York Stock Exchange parent, Intercontinental Exchange, rose more than 3% in the premarket after the company announced it took a $2 billion stake in prediction markets platform Polymarket.
The deal values Polymarket at approximately $8 billion, both companies said in a release.
"There are opportunities across markets which ICE together with Polymarket can uniquely serve and we are excited about where this investment can take us," Intercontinental Exchange CEO Jeffrey Sprecher said in a statement.
Tune in at 8:40 a.m. ET as Polymarket CEO Shayne Coplan and ICE CEO Jeffrey Sprecher join CNBC's "Squawk Box" to discuss the deal.ĂÂ Watch in real timeĂÂ on CNBC+ or the CNBC Pro stream.
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