The NYSE's parent company, Intercontinental Exchange, said Tuesday it will invest up to $2 billion in the popular events-betting platform Polymarket.

Intercontinental Exchange ( NYSE: ICE) agreed to invest up to $2B in prediction market Polymarket, reflecting a valuation of ~$8B, pre-investment, for the platform that allows users to bet on events in markets, politics, sports, and culture, the companies confirmed on Tuesday.

The Texas Stock Exchange is expected to launch in Dallas next year, as economists wait to see if “Y’all Street” is big enough to support the exchange and challenge New York’s dominance in the financial sector.

Wall Street is hanging near its records, as technology stocks keep rising. The S&P 500 added 0.5% Monday, coming off its latest all-time high.

The Securities and Exchange Commission approved an application for the Dallas-based Texas Stock Exchange to start listing as early as next year. Economists say it could have rippling effects throughout Texas.

Until this ‘SCUM’ is removed from the Attorney General’s Office, no company will move to New York, and few companies will be using the New York Stock Exchange, or NASDAQ, for going Public.” Related: People Truly Cannot Believe Their Ears After What Donald Trump Just Said Trump went on to claim that the new Texas Stock Exchange will result in “hundreds of billions of dollars” being taken away from businesses in New York.

Texas is gearing up for a financial explosion as the highly capitalized Texas Stock Exchange gets the formal OK to launch.

Cricket legend Sachin Tendulkar on Saturday rang the Opening Bell at the New York Stock Exchange (NYSE) along with The National Cricket League's (NCL) Chairman Arun Agarwal. The ceremony came just hours before the first ball of the NCL tournament is bowled in Dallas, United States.