Intercontinental Exchange Inc. ($ICE), owner of the New York Stock Exchange, announced plans to invest up to $2 billion in Polymarket, a crypto-based prediction platform that allows users to trade on real-world events. The deal values Polymarket at approximately $8 billion and establishes a partnership focused on tokenization and event-driven data distribution.
- ICE will become a global distributor of Polymarket’s data, offering market sentiment indicators to institutional clients.
- The investment follows Polymarket’s recent return to U.S. markets through its acquisition of derivatives exchange QCX.
- Polymarket previously settled with the Commodity Futures Trading Commission in 2022 over unregistered trading activity.
- The company added Donald Trump Jr. to its advisory board earlier this year and has seen rapid growth in election-related trading volumes.
- ICE CEO Jeffrey Sprecher said the partnership will expand market access for event-based probability trading.
- The transaction comes amid increasing institutional interest in tokenized markets and event contracts, including deals involving CME Group and FanDuel.
Relevant Companies
- $ICE — Gains exposure to crypto-based prediction markets and new event data revenue streams.
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Editor’s Note: This is a developing story. This article may be updated as more details become available.
