Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, is investing up to $2 billion in Polymarket, a prediction market platform, valuing the company at approximately $8 billion pre-investment. As part of the agreement, ICE will distribute Polymarket's event-driven data to its global customer base, offering sentiment indicators on various market-relevant topics.
Polymarket allows users to trade on the predicted outcomes of future events, including those in business, politics, sports and culture, using smart contracts. This investment signifies a move towards bringing prediction markets into the financial mainstream, combining ICE's institutional resources with Polymarket's innovative platform.
ICE and Polymarket will also collaborate on future tokenisation initiatives. The investment, which will be in cash, is not expected to materially impact ICE's 2025 financial results. ICE will discuss the investment further during its third-quarter earnings call on October 30, 2025.
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