Polymarket secures billion-dollar backing from New York Stock Exchange owner — Financial Times

The Intercontinental Exchange (ICE), owner of the New York Stock Exchange, announced plans to invest up to $2 billion in Polymarket, a crypto-based prediction platform that gained massive popularity during the 2024 U.S. elections. The deal values Polymarket at $8 billion and includes a partnership for distributing its event-driven data.

Source Financial Times

The investment is expected to give Polymarket a legal path in the U.S. market after restrictions since 2022. With Donald Trump Jr. on its advisory board, the company aims to expand globally with the backing of one of the most trusted names in financial infrastructure.

Polymarket founder Shayne Coplan called the collaboration with ICE a “major step in bringing prediction markets into the financial mainstream.” The renewed industry optimism follows legal victories and growing openness from the Trump administration toward prediction platforms.