InterContinental Exchange (ICE), owner of the New York Stock Exchange, has announced a strategic investment of up to $2 billion in Polymarket, valuing the prediction market platform at approximately $8 billion prior to the investment.
As part of the deal, ICE will become the exclusive global distributor of Polymarket’s event-based data, providing institutional investors with new sentiment indicators on global events, from politics to markets and sports.
The two companies also plan to collaborate on tokenization initiatives to expand blockchain-based market applications.
“Our investment combines ICE, owner of the New York Stock Exchange, founded in 1792, with a revolutionary, forward-thinking company pioneering change in the DeFi space,” said Jeffrey Sprecher, Chairman and CEO of ICE.
Shane Coplan, founder of Polymarket, said the partnership “represents a major step in bringing prediction markets into the financial mainstream,” combining ICE’s institutional credibility with Polymarket’s innovative consumer platform.
Founded in 2020, Polymarket enables users to trade the probability of future events via blockchain-based smart contracts.
The platform has become known for its accuracy and user engagement, and has recently struck partnerships with X and Stocktwits.
ICE said the cash investment will not materially impact its 2025 financial results, and it will discuss the transaction in detail during its next earnings call on October 30, 2025.