Polymarket Nears $2 Billion Investment from NYSE Owner ICE, Valuation Could Hit $10 Billion

Intercontinental Exchange (ICE), the $90 billion financial giant behind the New York Stock Exchange, is in advanced talks to invest $2 billion in crypto prediction platform Polymarket. The deal could catapult Polymarket's valuation to $8-$10 billion, signaling institutional confidence in blockchain-based markets.

The capital infusion may facilitate Polymarket's return to U.S. markets following its strategic acquisition of CFTC-licensed derivatives exchange QCX last year. This development comes as traditional finance increasingly bridges with crypto innovation, with ICE joining other Wall Street players exploring blockchain applications.

Market observers note the timing aligns with growing institutional interest in crypto infrastructure plays. The deal's scale—representing nearly 20% of ICE's market cap—underscores the strategic importance both parties place on regulated crypto derivatives and prediction markets.