Intercontinental Exchange Completes $600 Million Cash Investment in Polymarket

BlockBeats News, March 27th, according to The Wall Street Journal, Intercontinental Exchange, Inc. (NYSE: ICE) announced that, as part of a previous investment arrangement with Polymarket, ICE has completed a $600 million direct cash investment in Polymarket, which is part of Polymarket's equity financing. ICE also expects to purchase up to $40 million of Polymarket equity from certain existing shareholders.