Intercontinental Exchange (ICE) will invest up to $2 billion in Polymarket, the prediction market platform, at a pre-money valuation of approximately $8 billion, the companies announced today.
The partnership extends beyond the financial investment. ICE, which operates the New York Stock Exchange, will distribute Polymarket’s event driven data to its customers as sentiment indicators on market relevant topics. The companies also plan to collaborate on tokenization initiatives.
Prediction markets allow participants to buy and sell shares representing potential outcomes of future events. Users trade based on their views, with all transactions matched peer-to-peer through smart contracts. Market prices effectively aggregate participant sentiment into probability estimates. Polymarket offers markets spanning politics, business decisions, cultural events and sports.
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