Polymarket Deepens Push to Allow Bets on Value of Hot Startups

Polymarket plans to use data from Nasdaq Private Market as it seeks to expand bets on unlisted companies amid a frenzy of retail investor interest.

The prediction markets platform said in a statement on Tuesday that it has signed an exclusive partnership with Nasdaq Private Market, which will provide data to resolve event contracts covering topics such as valuations, activity in secondary markets and the timing of initial public offerings.

Nasdaq Private Market was spun out from Nasdaq Inc. in 2021. According to its website, investors include the exchange operator, as well as Morgan Stanley, Citigroup Inc. and Goldman Sachs ...