Intercontinental Exchange Completes $600 Million Cash Investment in Polymarket

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On March 27, The Wall Street Journal reported that Intercontinental Exchange, Inc. (NYSE: ICE) announced it has completed a $600 million direct cash investment in Polymarket as part of a previously arranged investment deal. This investment is part of Polymarket’s equity financing. ICE also expects to purchase up to $40 million in Polymarket equity from some existing shareholders.

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