NYSE owner to invest an additional $600 million in Polymarket

Uk Jin

Summary

Intercontinental Exchange (ICE) said it will make an additional investment in prediction-market platform Polymarket.
ICE said it completed a $600 million cash investment as part of Polymarket’s capital raise and plans to buy up to $40 million more in equity.
ICE said the investment will not have a material impact on its financial performance or capital return plans.

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Intercontinental Exchange (ICE), a global financial market infrastructure provider, said on the 27th that it will make an additional investment in prediction-market platform Polymarket. ICE operates the New York Stock Exchange (NYSE).

According to Business Wire, ICE completed a $600 million cash investment as part of Polymarket’s capital raise. It also plans to purchase up to $40 million more in equity from existing investors.

ICE previously invested $1 billion in Polymarket in October last year, and once this additional investment and equity purchase are completed, the investment commitments between the two companies are expected to be fully satisfied.

ICE said the investment will "not have a material impact on its financial performance or capital return plans."