ICE to invest up to $2B in Polymarket, become global distributor of event data

Intercontinental Exchange, Inc.

$2B investment at ~$8B pre-money valuation; ICE to distribute Polymarket's event-driven data to institutional clients.
Partnership includes collaboration on future tokenization initiatives; cash consideration, not expected to materially impact 2025 financials.
Polymarket is a prediction market platform tracking event probabilities across markets, politics, sports, and culture.

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