IntercontinentalExchange (ICE) announced a strategic investment in Polymarket. Under the terms of the agreement, ICE will invest up to $2B in Polymarket, reflecting a valuation of approximately $8B pre-investment. Alongside its investment, ICE will become a global distributor of Polymarket’s event-driven data, providing customers with sentiment indicators on topics of market relevance. Additionally, ICE and Polymarket have also agreed to partner on future tokenization initiatives. The investment consideration will be in cash and is not expected to have a material impact on ICE’s 2025 financial results or expected capital return plans. ICE will further discuss its strategic investment in Polymarket on its third quarter earnings call scheduled for October 30.
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