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1h ago

ICE to Invest Up to $2 Billion in Polymarket, Valuing Prediction Market at About $8–$10 Billion

The deal signals institutional validation for event-contract trading in traditional finance.

Image
Photo: Joshua Tsu
Shayne Coplan (left), founder and CEO of Polymarket, with Jeffrey Sprecher, chairman and CEO of Intercontinental Exchange.
FILE - The New York Stock Exchange is seen in New York, July 14, 2025. (AP Photo/Seth Wenig, file)

Overview

  • Intercontinental Exchange said it will invest as much as $2 billion in Polymarket, with the transaction valuing the platform at roughly $8 billion according to the company’s statement.
  • ICE will distribute Polymarket’s event-driven data to clients and the companies agreed to collaborate on tokenization initiatives, expanding tools for gauging market sentiment.
  • Polymarket, founded in 2020, lets users trade on real-world outcomes across politics, economics, sports and culture using smart contracts.
  • The company has pursued a U.S. return after a 2022 CFTC settlement restricted domestic access, including acquiring the QCX exchange and clearinghouse and navigating closed DOJ and CFTC probes reported earlier this year.
  • ICE shares rose in early trading following the announcement as investors assessed the exchange operator’s push into prediction markets alongside rivals such as Kalshi.