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1h ago

ICE to Invest Up to $2 Billion in Polymarket at Roughly $9 Billion Valuation

The move follows regulatory closures that set up Polymarket’s U.S. return.

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Overview

  • Intercontinental Exchange said it will invest up to $2 billion in cash in Polymarket, citing an approximately $8 billion pre-investment valuation, while Polymarket’s CEO put the post-money figure at $9 billion.
  • ICE will distribute Polymarket’s event-driven probability data to institutional clients globally and the firms agreed to collaborate on tokenization initiatives.
  • ICE shares rose roughly 3% to 4% in pre-market trading after reports and the company’s statement on the deal.
  • Polymarket’s path back to the U.S. includes a 2022 CFTC settlement that blocked American users, the acquisition of CFTC-licensed QCX, investigative closures in July, and CFTC staff relief in September.
  • The company has drawn high-profile backing and advisors, including Founders Fund and Donald Trump Jr., as competition intensifies with rivals such as Kalshi.