Intercontinental Exchange (ICE), parent company of the New York Stock Exchange, announced a strategic investment of up to $2 billion in the decentralized prediction market platform, Polymarket.
October 7, 2025
Source:
http://Bloomberg.com
ICE Enters Prediction Markets
NEW YORK – Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, announced today a landmark investment of up to $2 billion in Polymarket, a leading prediction market platform.
This move signals a significant bridge between traditional financial institutions and the burgeoning world of decentralized finance (DeFi).
A Strategic Partnership
The investment is part of a broader strategic partnership. ICE aims to leverage its vast infrastructure to bolster Polymarket's innovative use of blockchain technology. Polymarket allows users to bet on the outcomes of real-world events, creating a dynamic information market.
The collaboration aims to innovate and potentially disrupt legacy financial systems, according to a joint announcement.
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Source:
The Wall Street Journal
Bridging Traditional and Decentralized Finance
The deal pairs a pillar of global finance with a disruptor in the DeFi space. Polymarket, founded by Shayne Coplan, utilizes blockchain to create transparent and accessible prediction markets.
Executive Commentary
In an exclusive interview on CNBC's "Squawk Box," both CEOs shared their vision for the partnership.
"This partnership is about real innovation and disruption in legacy financial systems," said Shayne Coplan, CEO of Polymarket. He emphasized the potential to build groundbreaking products by combining resources.
Intercontinental Exchange CEO Jeffrey Sprecher highlighted the strategic alignment. He noted the deal represents a powerful synergy between traditional financial expertise and new, cutting-edge technology.
Read More
Source:
CNBC
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