Intercontinental Exchange Backs Polymarket in $9B Valuation Move

Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, just made one of the boldest moves in crypto’s short history, investing $2 billion in Polymarket, the prediction market platform shaking up decentralized finance.

The deal marks the largest private funding round ever in crypto, valuing Polymarket at a staggering $9 billion post-money, according to CEO Shayne Coplan.

“Our partnership with ICE marks a major step in bringing prediction markets into the financial mainstream,” Coplan shared on X. “It’s also a monumental step forward for DeFi.”

Polymarket was born from a simple but powerful idea, markets are better at finding truth than headlines or polls. Since launching in 2020, the platform has allowed users to bet on real-world outcomes, from elections to inflation data, and in doing so, has turned public curiosity into liquidity.

Now, with ICE’s backing, Polymarket is moving from crypto’s edge into the global financial core. The collaboration will bring prediction market data to thousands of institutional desks worldwide, leveraging ICE’s global distribution network.

Market disrupters join forces: @ICE_Markets made its name by disrupting global markets with technology.

Now, the company has made a strategic investment in @Polymarket to help bring prediction markets into the financial mainstream. pic.twitter.com/ZL8LUJpjuK

— NYSE