KEY TAKEAWAYS
- New York Stock Exchange owner Intercontinental Exchange said it is investing up to $2 billion in Polymarket in a deal valuing the crypto-based prediction marketplace at around $8 billion.
- ICE said it will distribute Polymarket’s event-driven data and will partner with the prediction market on tokenization initiatives.
New York Stock Exchange owner Intercontinental Exchange (ICE) said it is investing up to $2 billion in cash in Polymarket, in a deal valuing the crypto-based prediction marketplace at around $8 billion.
Polymarket CEO Shayne Coplan called the partnership a move that “marks a major step in bringing prediction markets into the financial mainstream.”
Why This Matters
Prediction markets such as Polymarket are still in the crosshairs of regulators. But its partnership with ICE, the owner of the New York Stock Exchange, gives it legitimacy and broader reach beyond retail investors. The backing of…
