Summary
- Intercontinental Exchange said it is in negotiations to invest up to $2 billion in prediction market platform Polymarket.
- The transaction details have not yet been finalized, and an official announcement could come this week.
- If the investment goes through, Polymarket's valuation is expected to be $8–10 billion.
It was reported that Intercontinental Exchange, the parent company of the New York Stock Exchange (NYSE), is in final negotiations to invest up to $2 billion in prediction market platform Polymarket.
According to the Wall Street Journal (WSJ) on the 7th (local time), Intercontinental Exchange is in final negotiations to invest up to $2 billion in Polymarket. The deal details have not yet been finalized, and an official announcement could come as early as this week.
If the investment goes through, Polymarket's valuation is expected to be in the $8–10 billion range.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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