"Intercontinental Exchange Announces $2 Billion Investment in Polymarket, Advancing Prediction Markets in Finance"

"A&O Shearman is advising Intercontinental Exchange, Inc. (ICE) on its strategic investment of up to $2 billion in Polymarket, a prediction market platform valued at approximately $8 billion pre-investment. As part of the deal, ICE will also become a global distributor of Polymarket's event-driven data, enhancing market sentiment insights. The advisory team includes M&A partners Cody Wright and Rory O’Halloran, along with various specialists in capital markets, antitrust, tax, employment, and IP transactions."

A&O Shearman is advising Intercontinental Exchange, Inc. (NYSE:ICE) on its strategic investment in Polymarket, a leading prediction market platform. The transaction involves ICE making an investment of up to USD2 billion in Polymarket, which reflects a pre-investment valuation of approximately USD8 billion. As part of this investment, ICE will also become a global distributor of Polymarket’s event-driven data, providing customers with sentiment indicators on market-relevant topics and integrating prediction markets into the financial mainstream. The A&O Shearman team is led by M&A partners Cody Wright and Rory O’Halloran. The team also includes partners Yian Huang (capital markets), Noah Brumfield (antitrust), Lorenz Haselberger (tax), Jai Garg (employment and compensation), and JB Betker (IP transactions). Supporting the transaction are associates David (Dong Hee) Lee (capital markets) and Nicholas Putz (antitrust).

"Intercontinental Exchange Announces $2 Billion Investment in Polymarket, Advancing Prediction Markets in Finance"

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