ICE Nears $2 Billion Investment in Polymarket, Valuing It at $10 Billion
- Intercontinental Exchange (ICE) is close to investing $2 billion in Polymarket.
- The deal could be announced soon and would value Polymarket at approximately $10 billion.
- Founded in 2020, Polymarket allows users to bet on future events across various sectors.
- The platform has been unavailable to U.S. users since a settlement with the Commodity Futures Trading Commission in 2022.
- In the previous month, Polymarket recorded $1.5 billion in trading volume and holds $164 million in total value locked.
ICE’s investment may enhance regulatory credibility for Polymarket as it seeks to reenter the U.S. market after acquiring a licensed exchange earlier this year and strengthening political ties.
With a potential valuation of $10 billion, this investment underscores significant interest in prediction markets, particularly as Polymarket aims for a comeback after its previous restrictions.(Source)
