Intercontinental Exchange (ICE) announced on Tuesday that it plans to invest up to $2 billion in Polymarket. This investment aims to support the New York Stock Exchange parent company’s efforts to diversify beyond its traditional trading activities, especially as there is increasing interest in prediction markets.
Polymarket, which permits users to profit from predicting outcomes across topics including sports, entertainment, politics and the economy, has been valued at around $8 billion pre-investment, the company said in a statement on Tuesday.
In addition to its investment, ICE will serve as a global distributor of Polymarket’s event-driven data, offering clients sentiment indicators on key market topics. Furthermore, ICE and Polymarket have mutually agreed to collaborate on future tokenisation projects.
(This is a developing story. Check back for updates.)
