Intercontinental Exchange Inc.

OracleX launches a decentralized prediction market platform using a novel Proof-of-Contribution mechanism, addressing key challenges in existing prediction markets by offering a dual-token model and incentive structure that rewards users based on trading volume, voting frequency, and accuracy.

Robinhood acquired a 90% stake in LedgerX, positioning itself to establish a regulated futures and derivatives exchange in the rapidly growing prediction markets sector, with plans to offer contracts tied to sports, entertainment, and cultural events.

Prediction markets like Polymarket and Kalshi are emerging platforms allowing users to trade contracts on real-world event outcomes, blurring the lines between investing and gambling. These platforms have gained regulatory approval and attracted significant investment, sparking interest in their potential growth and market impact.

The NYSE pre-market update indicates fractionally lower equities amid a cooling labor market. The South Korean President will ring the Opening Bell during the UN General Assembly session, while investors focus on AI trade developments and economic data.

CME Group is expected to report strong Q2 2024 earnings, driven by a diverse product portfolio, increased volatility, and a strong market position. Increases in market data, clearing, and transaction fees are likely to boost the top line, while expenses are also expected to rise.