Polymarket received a fresh injection of capital from the parent company of the New York Stock Exchange (NYSE), valuing the prediction market at roughly $8 billion.
Intercontinental Exchange, Inc. (ICE) reached an agreement to invest up to $2 billion in Polymarket. The transaction also makes ICE a distributor of Polymarket’s event-driven data and a collaborator with Polymarket on blockchain-focused initiatives. ICE is investing cash into Polymarket with the transaction not expected to impact 2025’s financial results.
“Our partnership with ICE marks a major step in bringing prediction markets into the financial mainstream,” said Polymarket CEO Shayne Coplan. “Together, we’re expanding how individuals and institutions use probabilities to understand and price the future.”
Polymarket and ICE will team up for crypto-focused initiatives after the prediction market introduced Bitcoin support earlier this year. Polymarket is allowing users to fund their accounts using Bitcoin with existing support for Ethereum, Polygon and Solana deposits.
“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,” continued Coplan. “Realizing the potential of new technologies, such as tokenization, will require collaboration between established market leaders and next-generation innovators.”
ICE plans to discuss its investment in Polymarket during its Q3 earnings call on Oct. 30.
CFTC settlement led to U.S. exit
Polymarket receiving an investment from ICE showcases the viability and growing popularity of prediction markets in America following Polymarket’s previous U.S. exit.
Earlier this year, Polymarket announced its relaunch in the U.S. after exiting the country in 2022 after a settlement with the Commodity Futures Trading Commission (CFTC).
The CFTC ordered Polymarket to pay a $1.4 million civil monetary penalty for failure to register as a swap execution facility and a designated contract market.
Polymarket plans U.S. reentry
Polymarket prepared for its U.S. reentry with the acquisition of federally registered derivatives exchange QCX and its affiliated clearinghouse for roughly $112 million.
Before its U.S. relaunch, the prediction market also compiled a rulebook that sets the foundation for the company’s operations by detailing its operational plans and protocols.
Last month, Polymarket was given the green light by the CFTC to offer sports event contracts in all 50 states after the regulator took a “no-action position” on the matter. However, the group has yet to officially relaunch in the States.
Polymarket considers its sports event contracts to be “legal sports betting.”
Polymarket’s sports event contracts could draw interest after competitor Kalshi reported more than $440 million in trading activity during the first week of the NFL season last month. A funding round closed in June 2025 valued Kalshi at approximately $2 billion.
Polymarket advisor makes an investment via VC firm
ICE’s injection of capital in Polymarket follows an investment in the prediction market from 1789 Capital, a VC firm that has an advisory board that includes Donald Trump Jr.
According to a Reuters report, the investment was in the “double-digit millions of dollars.” Trump Jr. has a vested interest in prediction markets with also being an advisor for Kalshi.
