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2d ago

ICE to Invest Up to $2 Billion in Polymarket, Making NYSE Owner a Distributor of Its Event Data

The all-cash deal values the crypto prediction platform near $9 billion and follows recent U.S. regulatory clearances that position it for a potential relaunch.

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Overview

  • Intercontinental Exchange said the investment is in cash and reflects roughly an $8 billion pre-money and $9 billion post-money valuation, with some reports citing figures as high as $10 billion.
  • Under the agreement, ICE will distribute Polymarket’s event-driven data to institutional clients and the companies will collaborate on tokenization initiatives.
  • Polymarket’s path back to the U.S. includes a 2022 CFTC settlement, a September staff no-action letter tied to its QCEX acquisition, and the closure of DOJ and CFTC inquiries in July.
  • Market reaction was positive, with ICE shares rising several percent in pre-market trading after the announcement.
  • The investment underscores growing institutional interest in prediction markets as Polymarket expands partnerships such as with X/xAI and faces competition from regulated rival Kalshi.