New York Stock Exchange owner Intercontinental Exchange is investing up to $2 billion in Polymarket and will partner with the company on future tokenization initiatives.

Polymarket lets users buy and sell shares of potential event outcomes, with every trade matched peer-to-peer through smart contracts. The company, which was founded in 2020, has been sought out by people interested in expressing their opinions on current events, politics, business moves, culture and sports.

Shayne Coplan, founder and CEO of Polymarket, said in a statement on Tuesday that the deal is a ”major step in bringing prediction markets into the financial mainstream.”

Tokenization is the process of turning real-world assets into digital tokens. It uses blockchain technology that powers cryptocurrencies to create

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