The New York exchange is investing $2 billion in a forecasting platform — this is not just an investment, it is a cry for help from traditional finance.
The thing is: the entire NYSE business is breaking down. Stocks are being traded everywhere — in dark pools, alternative platforms, and small exchanges. The NYSE's market share has fallen from 95% (2000р.) to less than 30%. NASDAQ is pulling all the high-tech. IPO market? NASDAQ has 79 new companies, NYSE only 15.
Stage 2 — data. The income business from selling quotes and analytics is saturated. People are taking data from everywhere.
Getting: old exchanges have nothing to sell. Then they look at Polymarket and discover something interesting — prediction markets provide more accurate data than experts. The consensus of economists was wrong about inflation by 20%, while Polymarket guessed correctly 85%.
That is, the NYSE is going to trade not on historical data, but on the right to determine future pricing. This is a new commodity — more valuable than all their old business.
Self-rescue through innovation. Classic rearmament for a dying industry.
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Why does everyone suddenly need Polymarket on the NYSE?
The New York exchange is investing $2 billion in a forecasting platform — this is not just an investment, it is a cry for help from traditional finance.
The thing is: the entire NYSE business is breaking down. Stocks are being traded everywhere — in dark pools, alternative platforms, and small exchanges. The NYSE's market share has fallen from 95% (2000р.) to less than 30%. NASDAQ is pulling all the high-tech. IPO market? NASDAQ has 79 new companies, NYSE only 15.
Stage 2 — data. The income business from selling quotes and analytics is saturated. People are taking data from everywhere.
Getting: old exchanges have nothing to sell. Then they look at Polymarket and discover something interesting — prediction markets provide more accurate data than experts. The consensus of economists was wrong about inflation by 20%, while Polymarket guessed correctly 85%.
That is, the NYSE is going to trade not on historical data, but on the right to determine future pricing. This is a new commodity — more valuable than all their old business.
Self-rescue through innovation. Classic rearmament for a dying industry.