Quick TakeQuick Take
- NYSE parent company ICE is investing $2 billion in Polymarket.
- The strategic funding translates to a $9 billion post-money valuation, according to the company’s X post.
Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, is in advanced talks to invest $2 billion in Polymarket in a deal that could value the company between $8 billion and $10 billion.
A deal could be announced as soon as Tuesday, although details remain undecided, according to a Wall Street Journal report. Shortly after the news, Polymarket confirmed ICE's investment in its prediction market through an X post. "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," the company wrote.
...read more at theblock.co
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Man I could be wrong but hasnt a ton of companies recently announced investments into Polymarket??? They signed that X partnership and I want to say another betting company or tech company maybe invested in them as well....
I don’t remember, but to be honest I haven’t been paying that much attention. Could you name some of the other investments they announced?
Ahhhh the big one I was thinking of was the Founder Fund from last year. I totally forgot though that Vitalik Buterin was also an investor.