– ICE invests $2B in Polymarket, valuing it at $8 billion – Major TradFi-backed crypto deal aligns Wall Street with emerging markets – ICE to distribute Polymarket’s data, enabling real-time sentiment access – Collaboration includes future tokenization projects – Polymarket expands US operations with QCEX acquisition – Ethereum contributor highlights significance of ICE’s move – Maxi Doge presale raises $2.7M amid Polymarket investment news
Intercontinental Exchange (ICE), owner of the New York Stock Exchange, has invested $2 billion in Polymarket, valuing it at approximately $8 billion. This investment is one of the largest from traditional finance in the crypto space.
- ICE will distribute Polymarket's event-driven data globally, offering institutional investors real-time sentiment indicators across various sectors.
- The collaboration includes future tokenization projects.
Founded in 2020, Polymarket is a leader in prediction markets, allowing users to trade shares on future event outcomes.
Expansion Plans
- Polymarket plans to expand in the US after acquiring CFTC licenses with a $121 million purchase of QCEX.
- The platform gained prominence during the 2024 US presidential race.
Ethereum Foundation contributor Binji Bande highlighted ICE's move as an effort to adapt to changing investor behavior. The integration of Polymarket's data feeds into platforms like X and Stocktwits facilitates discussions around event predictions.
Maxi Doge Presale
- Following ICE's investment, Maxi Doge presale raised $2.7 million out of a $3 million target.
- MAXI tokens are available for purchase before the next pricing tier activates.
