ICE Partners with Polymarket to Adopt 24/7 Tokenized Collateral

Jeffrey Sprecher, chair and chief executive of ICE, said one of the attractions of investing in Polymarket was the prediction market’s use of smart contracts to take advantage of the new blockchain banking infrastructure, which will help ICE adapt to using tokens as collateral 24/7 in the future. “Polymarket expands our footprint into decentralized prediction markets, which is aligned with our commitment to providing innovation and data-driven insights to our customers,” he added. In October this year ICE announced a strategic investment of up to $2bn in Polymarket, a prediction market platform. Sprecher said that ICE was an early investor in the crypto space, in Baakt and Coinbase, in order to stay close to the evolution of the market’s use of blockchain.