TLDR
- Intercontinental Exchange invests $ 2 billion in Crypto Platform Platform Polymarket.
- The investment raises polymer’s valuation to $ 9 billion after the deal.
- Ice will distribute the event -driven data of the polymarks to its global customers.
- Both companies will collaborate on future tokenization initiatives.
- Ice Stock rose almost 3 percent after the announcement of the investment.
Intercontinental Exchange (ICE), owner of SneezedConfirmed an investment of $ 2 billion in Crypto Prediction Platform Polymarket. This movement drives the polymarket valuation after investment to $ 9 billion, up from $ 8 billion. ICE also revealed broader plans to integrate prediction markets into mainstream financing through this partnership.
Ice investments large in predicting markets with polymarket agreement
Ice abandoned That the entire investment of $ 2 billion will be in cash, which shows a strong commitment to the polymarket model. The NYSE owner also plans to distribute the polymer’s event-based data on its financial networks. This will offer customers unique insights into market -related subjects and emotions.
“There are opportunities over markets that Ice and Polymarket can serve unique together,” says ICE CEO Jeffrey Sprecher. He noted that the polymarket is “groundbreaking change in the decentralized financial space.” Sprecher emphasized ICE’s confidence in the long -term value and potential of the platform.
This strategic feature is in line with a growing interest in decentralized prediction markets. The value of the polymarket has increased rapidly in recent months, driven by market moments. ICE’s investment follows a previous round led by Donald Trump Jr. The VC company when Polymarket had a $ 1 billion valuation.
Polymarket receives institutional support in the middle of the legislation
Polymarket CEO Shayne Coplan described the ICE partnership as a step towards mainstream financial assumption.
“There is so much we can build by combining ICE’s institutional scale with our distribution,” Coplan said.
He said that the partnership expands how people and institutions use probabilities to price future events.
The company has also made significant legislative steps, which has increased investors’ confidence. Last month, the CFTC Polymarket cleared to return to US markets after solving previous concerns. In addition, DOJ finished his probe into the platform and signaled legal clarity for its operations.
Polymarket uses USDC as the core toe, with support for crypto deposits in Ethereum, Solana and Bitcoin. The platform aims to give users more access to forecasting tools driven by decentralized financing. Coplan expressed gratitude to early users, builders and the wider community for their support since 2020.
Ice Stock rises after announcement
After the news, the ICE share increased almost 3% in trade in the Premark, according to the TradingView data. Shares climbed from $ 159 to $ 164, which reflects a strong market approval of the polymarket agreement. Analysts attributed the profit to the investor’s optimism about ICE’s investment in decentralized prediction markets.
ICE also confirmed plans to explore tokenization projects with Polymarket as part of their broader collaboration. These initiatives aim to bridge institutional funding and the blockchain-based prediction ecosystem. The NYSE owner sees the polymarket as a platform with transformative financial applications.
