NYSE Parent ICE Commits $2 Billion to Crypto Prediction Market Polymarket

Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, has made a strategic move into the crypto space with a $2 billion investment in Polymarket. The deal values the prediction market platform at $8 billion pre-money, signaling strong institutional confidence in event-based contracts.

The partnership will see ICE distribute Polymarket's probability data to institutional clients globally while collaborating on tokenization initiatives. "There are opportunities across markets which ICE, together with Polymarket, can uniquely serve," said ICE CEO Jeffrey Sprecher, highlighting the synergy between traditional finance and crypto-native platforms.

This investment positions ICE against Chicago rival CME Group, which recently partnered with FanDuel to develop similar products. The race to capture retail demand for micro-outcome contracts is heating up, with both traditional financial heavyweights and crypto platforms vying for market share.