tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

IntercontinentalExchange to invest up to $2B in Polymarket

IntercontinentalExchange (ICE) announced a strategic investment in Polymarket. Under the terms of the agreement, ICE will invest up to $2B in Polymarket, reflecting a valuation of approximately $8B pre-investment. Alongside its investment, ICE will become a global distributor of Polymarket’s event-driven data, providing customers with sentiment indicators on topics of market relevance. Additionally, ICE and Polymarket have also agreed to partner on future tokenization initiatives. The investment consideration will be in cash and is not expected to have a material impact on ICE’s 2025 financial results or expected capital return plans. ICE will further discuss its strategic investment in Polymarket on its third quarter earnings call scheduled for October 30.

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue

1