#Polymarket Secures $2B Investment From #NYSE Parent Company ICE


Intercontinental Exchange has invested $2 billion in cryptocurrency-based prediction market Polymarket, valuing the company at $9 billion post-money according to an announcement on Tuesday. ICE, parent company of the New York Stock Exchange, represents the latest traditional finance entity to back blockchain-enabled prediction platforms.


The #investment marks a significant bridge between conventional financial infrastructure and #crypto-native prediction markets as regulatory frameworks evolve. ICE's NYSE is the world's largest stock exchange by market capitalization, exceeding $25 trillion as of July 2024. The deal follows months of fundraising discussions, with reports in September indicating Polymarket was considering a financing round at similar valuations.


Polymarket operates a Polygon-based platform where users trade on real-world event outcomes by purchasing yes-or-no shares priced between $0 and $1. Winning shares settle at $1 $USDC upon resolution of each market. The platform covers politics, macroeconomics, #cryptocurrency, and cultural events, functioning as a high-frequency barometer for rapidly developing news stories.

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October 07, 2025 at 10:34 PM
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