ICE’s $2 billion investment in Polymarket meshes with long-term goals Moody’s believes the deal will enhance ICE’s revenue stream Last week, Intercontinental Exchange (NYSE: ICE) invested $2 billion in prediction market operator Polymarket at a pre-money valuation of $8 billion — a stake that pushes the derivatives exchange’s post-investment valuation to $9 billion to $10 billion. Moody’s Investors Service views the move as a win for the financial services company. Traders on the floor of the New York Stock Exchange. Owner ICE’s investment in Polymarket could pay dividends, says Moody’s. (Image: ABC News) Under the terms of the deal, the owner of the New York Stock Exchange (NYSE) will distribute Polymarket data on a global basis, and the two entities will work together on future tokenization initiatives, potentially deepening ICE’s exposure to the fast-growing world of decentralized finance (DeFi). Moody’s says the investment jibes with the exchange operator’s goal of broadening its analytics and data business while boosting its digital…Read MoreCategory: Cryptocurrency, Financial, cryptocurrencySource: Casino.org