Intercontinental Exchange Inc. (NYSE:ICE) traded higher Tuesday after the New York Stock Exchange owner unveiled a strategic investment in Polymarket, the event-probability and prediction market platform.Intercontinental Exchange said it will commit up to $2 billion to Polymarket in a cash deal that implies an approximately $8 billion pre-investment valuation.The deal connects one of traditional finance’s largest market-infrastructure operators to a fast-growing venue where traders buy and sell outcomes tie ...

Intercontinental Exchange $ICE) -- the parent company behind @NYSE -- Invests $2B in @Polymarket https://t.co/RO2ssjeebv ...

Intercontinental Exchange is close to investing $2 billion in Polymarket, according to a report from the Wall Street Journal. Could the investment from the owner of New York Stock Exchange help bring Polymarket back to the U.S.? CoinDesk’s Jennifer Sanasie hosts “CoinDesk Daily.” ...

Polymarket said that Intercontinental Exchange would boost the prediction market's distribution following a $2 billion investment in the firm. https://t.co/SrNYbSAuhh ...

Donald Trump Jr serves on the advisory board for Polymarket - Edgar Su/Reuters The owner of the New York Stock Exchange is to invest up to $2bn (£1.5bn) into a crypto betting platform backed by the Trump family. Intercontinental Exchange (ICE) on Tuesday announced its support for Polymarket in a deal that values the five-year-old startup at $8bn (£6bn). The company was set up in 2020 in the bedroom of then 22-year-old New York University dropout Shayne Coplan. He stands to receive a substantial boost to ...

Kent Nishimura / Bloomberg via Getty Images Polymarket, which is partnering with New York Stock Exchange owner ICE, was founded by Shayne Coplan in 2020. KEY TAKEAWAYS New York Stock Exchange owner Intercontinental Exchange said it is investing up to $2 billion in Polymarket in a deal valuing the crypto-based prediction marketplace at around $8 billion. ICE said it will distribute Polymarket’s event-driven data and will partner with the prediction market on tokenization initiatives. New York Stock E ...

RT Polymarket (@Polymarket)We are excited to announce that Intercontinental Exchange (ICE) — the parent company of @NYSE, is making a $2b strategic investment at a $9b post-money valuation.Together, we’re building the next evolution of markets.A special thank you to all those who have supported us till now.This is just the beginning 🦅🔮 ...

On Oct. 7, the Intercontinental Exchange, Inc. (NYSE:ICE), the parent company of the New York Stock Exchange, announced a strategic investment of up to $2 billion in the crypto-based prediction market Polymarket. Launched in 2020, the New York City-headquartered Polymarket is the world’s largest prediction market. It lets traders predict events like future Bitcoin price, election results, government shutdown, Federal Reserve policy, etc., by paying with cryptocurrency. Related: What is Crypto? Cryptocurre ...

Intercontinental Exchange, the parent company of the New York Stock Exchange, is reportedly close to finalizing a $2 billion investment in Polymarket, as per a report from the Wall Street Journal. According to WSJ, the deal could value the prediction market platform at as much as $10 billion, marking one of the largest intersections of traditional finance and crypto-driven markets to date. Shares of ICE surged over 4% in premarket trading following the news, reflecting investor enthusiasm. The partnershi ...

AL exchange ICE shares popping on news that the New York stock exchange owner plans to invest as much as $2 billion in the platform the betting platform Poly Market. Very interesting. Sim Modi joins us now with the details behind that deal.I guess if you can't beat them, join them. >> That that seems to be the case Sarah and the street seems positive on this investment. Atlas Merchant Capitals David Sheamus I caught up with him this morning.his firm recently acquiring hype and he tells me that this is just ...