NYSE president says prediction markets now influence traditional finance

Lynn Martin, president of the New York Stock Exchange (NYSE), said at the World Liberty Forum that prediction markets have begun to influence the movements of traditional financial markets. According to CoinDesk, she cited the unexpected surge in S&P futures during the 2024 U.S. presidential election as an example. Martin explained that the move occurred because Polymarket had predicted Donald Trump's chances of winning ahead of other platforms, adding that prediction market results are now being used as an input for traditional financial market investments. Last October, Intercontinental Exchange (ICE), the parent company of the NYSE, announced a $2 billion investment in Polymarket and a plan to cooperate on future tokenization initiatives.