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43m ago

ICE to Invest Up to $2 Billion in Polymarket, Will Distribute Its Prediction Data

The partnership positions the crypto prediction market for a U.S. relaunch under recent CFTC staff relief.

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Overview

  • ICE said the all-cash deal makes it the global distributor of Polymarket’s event-probability data and includes collaboration on tokenization initiatives.
  • Polymarket cited a $9 billion post-money valuation for the transaction, while ICE described an $8 billion pre-investment valuation.
  • After a 2022 CFTC settlement that blocked U.S. users, Polymarket bought CFTC-licensed QCX and obtained a September no-action letter that outlines a regulatory path to return.
  • Reports of the investment pushed ICE shares higher in early trading as investors focused on monetizing alternative data from prediction markets.
  • Event and sports contracts continue to face legal and political scrutiny even as institutional backing grows, with competitors such as Kalshi navigating ongoing state challenges.