ICE bets on the prediction market: NYSE parent company invests 20% stake in Polymarket, event-driven trading heads to Wall Street.

The parent company of the New York Stock Exchange (NYSE), the intercontinental exchange (ICE), announced today that it will make a strategic investment in Polymarket, the world's largest prediction market platform, with a maximum investment amount of $2 billion, corresponding to an estimated valuation of about $9 billion. This collaboration symbolizes a historic combination of TradFi and Decentralized Finance (DeFi).

The parent company of the NYSE officially embraces the prediction market, with event probabilities becoming the new generation "market sentiment indicators."

According to the agreement, ICE will not only invest in Polymarket but also become its exclusive partner for global event data, allowing investors to directly access "market sentiment indicators" regarding political, economic, sports, and cultural events through ICE's financial data infrastructure. Both parties also agreed to engage in long-term cooperation in the field of asset tokenization (tokenization), exploring the integration of traditional capital markets and blockchain technology.

ICE CEO Jeffrey Sprecher stated: "This investment combines the spirit of the New York Stock Exchange, founded in 1792, with the Decentralized Finance revolution represented by Polymarket. The team led by Shayne Coplan has demonstrated innovation and perseverance, and we believe that ICE and Polymarket can create unprecedented value in a new market."

Polymarket clears the stumbling blocks on the compliance road and gains political influence.

It is worth noting that this investment also took place after Polymarket regained approval from the U.S. Commodity Futures Trading Commission (CFTC). In 2021, Polymarket settled with the CFTC for being an "unregistered derivatives platform," temporarily restricting U.S. users. This September, the company acquired the regulated derivatives exchange QCEX for $112 million, officially obtaining compliance qualifications and paving the way for its re-entry into the U.S.

In addition, Polymarket received investment from the venture capital firm 1789 Capital, supported by Donald Trump Jr., in August of this year, indicating that its penetration in both the political and financial fields is continuing to rise.

This article discusses ICE's bet on the "prediction market": the parent company of the New York Stock Exchange invests 20% of its shares in Polymarket, driving event-driven trading towards Wall Street. First appeared in Chain News ABMedia.