NYSE Owner ICE Invests $2 Billion in Polymarket at Valuation of Up to $10 Billion (Casino.org)

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Polymarket’s valuation soars to $9 billion to $10 billion Exchange operator is investing $2 billion in Polymarket at a preinvestment valuation of $8 billion ICE owns the New York Stock Exchange Prediction markets operator Polymarket’s valuation swelled as high as $10 billion following a $2 billion investment by Intercontinental Exchange (NYSE: ICE). The floor of the New York Stock Exchange. Owner Intercontinental Exchange is investing $2 billion in Polymarket. (Image: ABC News) The owner of the New York Stock Exchange reached an agreement with Shayne Coplan’s company under which it will invest $2 billion in the event contract purveyor at a premoney valuation of $8 billion. On a post-investment basis, Polymarket is now valued at $9 billion to $10 billion, confirming the accuracy of reports that surfaced last month indicating the company was attempting to raise capital in that valuation range. Alongside its investment, ICE will become a global distributor of Polymarket’s event-driven data, providing customers with sentiment indicators on…Read MoreCategory: FinancialSource: Casino.org

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