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Parent Company of NYSE: More Than Half of Institutional Clients Are Interested in Prediction Markets
[Parent Company of NYSE: More Than Half of Institutional Clients Interested in Prediction Markets]
Jeffrey Sprecher, CEO of Intercontinental Exchange Inc. (ICE), revealed that more than half of the company’s institutional clients are interested in acquiring prediction market data generated through its new partnership with the prediction market platform Polymarket.
Speaking at the Goldman Sachs Financial Services Conference on Tuesday, Sprecher said that ICE’s 10,000 clients, who originally focused on traditional commodities trading such as oil, natural gas, and cocoa, are now closely monitoring developments in prediction markets to assess how these markets might impact their existing and future financial positions.