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ICE invests up to $2bn in Polymarket and agrees data distribution role

Funding

Intercontinental Exchange (ICE) announced a strategic investment of up to $2bn in Polymarket and an agreement to distribute the prediction market’s event-driven data globally. ICE’s statement valued Polymarket at about $8bn before the investment; Polymarket chief executive Shayne Coplan separately said the deal valued it at $9bn after investment.

The investment and data agreement connect a prediction-market company with ICE’s distribution network.

Connections

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Regulation

Polymarket and OG.com sue Arkansas over prediction-market enforcement

Polymarket and Crypto.com-owned OG.com filed separate federal lawsuits against Arkansas officials, seeking to prevent enforcement of state gambling laws against their event-contract markets. Both companies cite the state’s recent case against Kalshi as evidence that they could face enforcement; the suits argue federal law pre-empts Arkansas law.

Prediction-market operators Polymarket and OG, which is owned by Crypto, have brought separate federal suits to stop Arkansas from applying state gambling laws to their markets. Their defendants include Attorney General Tim Griffin and members of the Arkansas Racing & Gaming Commission, according to the source.

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