ICE Eyes $2B Investment in Polymarket

Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, is nearing a $2 billion investment in Polymarket, a leading decentralized prediction market platform. The deal could value Polymarket between $8 billion and $10 billion, marking a significant milestone for the crypto prediction market sector.

The investment is expected to facilitate Polymarket's re-entry into the U.S. market following previous regulatory challenges. Institutional interest in decentralized finance (DeFi) continues to grow, with this MOVE underscoring confidence in prediction markets as a viable financial instrument.

Polymarket's infrastructure and market positioning stand to benefit substantially from ICE's backing. The platform's growth trajectory aligns with broader institutional adoption of crypto-native innovations.