Polymarket partners with Nasdaq on prediction markets for private firms

Polymarket has partnered with Nasdaq to launch prediction markets for private companies, expanding beyond its usual focus on politics, social issues, and cryptocurrency, Reuters reported. Users can now bet on outcomes such as the valuation of private companies, the timing of their initial public offerings (IPOs), and pre-market prices. The trading price on these markets reflects the real-time probability of an event occurring. Through its Private Market, Nasdaq will serve as the data provider to settle the outcomes of these bets.