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(Sharecast News) - New York Stock Exchange owner Intercontinental Exchange said on Tuesday that it has agreed to invest up to $2bn in Polymarket, a prediction market and information platform tracking event probabilities across markets, politics, sport and culture.
The deal values Polymarket at about $8bn.
Alongside its investment, ICE said it will become a global distributor of Polymarket's event-driven data, providing customers with sentiment indicators on topics of market relevance. The two companies have also agreed to partner on future tokenisation initiatives.
ICE chair and chief executive Jeffrey C. Sprecher said: "Our investment blends ICE, the owner of the New York Stock Exchange, which was founded in 1792, with a forward-thinking, revolutionary company pioneering change within the Decentralised Finance space.
"Shayne Coplan has assembled a team at Polymarket to create a user-driven company relentlessly focused on product, building usage and distribution. There are opportunities across markets which ICE together with Polymarket can uniquely serve and we are excited about where this investment can take us."
Polymarket founder and CEO Coplan said: "Our partnership with ICE marks a major step in bringing prediction markets into the financial mainstream.
"Together, we're expanding how individuals and institutions use probabilities to understand and price the future. Jeff and his team have redefined how modern markets operate, establishing ICE as the gold standard for trusted financial infrastructure. By combining ICE's institutional scale and credibility with Polymarket's consumer savvy, we will be able to deliver world-class products for the modern investor."
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