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Benzinga
Benzinga
Business
Nabaparna Bhattacharya

NYSE Parent ICE Just Bet $2 Billion On A Platform That Lets You Trade On What Happens Next

IntercontinentalExchange.Bakkt

Intercontinental Exchange Inc. (NYSE:ICE) traded higher Tuesday after the New York Stock Exchange owner unveiled a strategic investment in Polymarket, the event-probability and prediction market platform.

Intercontinental Exchange said it will commit up to $2 billion to Polymarket in a cash deal that implies an approximately $8 billion pre-investment valuation.

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