The Intercontinental Exchange (ICE), parent company of the New York Stock Exchange, has announced a $2 billion investment in Polymarket, valuing the prediction market platform at approximately $9 billion. This significant move underscores the growing integration of traditional finance with the crypto sector.
In another development, S&P Dow Jones Indices is set to introduce the S&P Digital Markets 50, a new index that will include 15 cryptocurrencies and 35 crypto-related stocks. Cameron Drinkwater, Chief Product & Operations Officer at S&P Dow Jones Indices, highlighted the increasing prominence of digital assets in global markets, marking a shift from the margins to a more established role.
ICE Takes $2B Stake in Polymarket; S&P Launches Crypto Index
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.