New York Stock Exchange owner Intercontinental Exchange (ICE) has agreed to invest up to $2 billion in prediction markets provider Polymarket.
The cash investment gives Polymarket a valuation of approximately $8 billion pre-investment.
Alongside its investment, ICE will become a global distributor of Polymarket’s event-driven data to institutional investors globally, and will partner on future tokenization initiatives.
“Our investment blends ICE, the owner of the New York Stock Exchange, which was founded in 1792, with a forward-thinking, revolutionary company pioneering change within the Decentralized Finance space,” said ICE chair & CEO Jeffrey Sprecher. “Shayne Coplan has assembled a team at Polymarket to create a user-driven company relentlessly focused on product, building usage and distribution.
“There are opportunities across markets which ICE together with Polymarket can uniquely serve and we are excited about where this investment can take us.”
Polymarket founder and CEO Shayne Coplan commented: “Our partnership with ICE marks a major step in bringing prediction markets into the financial mainstream. Together, we’re expanding how individuals and institutions use probabilities to understand and price the future.
“Jeff and his team have redefined how modern markets operate, establishing ICE as the gold standard for trusted financial infrastructure. By combining ICE’s institutional scale and credibility with Polymarket’s consumer savvy, we will be able to deliver world-class products for the modern investor.
“Realizing the potential of new technologies, such as tokenization, will require collaboration between established market leaders and next-generation innovators. We couldn’t be more excited to build together.”
The investment is not expected to have a material impact on ICE’s 2025 financial results or expected capital return plans.
Shares in Intercontinental Exchange Inc (NYSE:ICE) closed 2.92 per cent higher at $161.98 per share in New York Tuesday.