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Intercontinental Exchange announces a $600 million investment in Polymarket
Golden Finance reports that on March 27, according to The Wall Street Journal, Intercontinental Exchange, Inc. (NYSE:ICE) announced that, as part of a previously arranged investment 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 in Polymarket equity from some existing shareholders.