ICE Invests $2B in Polymarket, Signaling Institutional Embrace of Crypto Prediction Platforms

Intercontinental Exchange (ICE), parent company of the New York Stock Exchange, has made a strategic $2 billion investment in crypto prediction market Polymarket. The deal values the platform at $9 billion and represents a significant bridge between traditional finance and decentralized innovation.

The partnership extends beyond capital infusion, with ICE becoming a global distributor of Polymarket's event-driven data. This integration will provide institutional investors with new tools to gauge sentiment around political, economic, and cultural events. "This blends institutional scale with revolutionary innovation," said ICE CEO Jeffrey Sprecher.

Plans include joint tokenization projects that could expand access to blockchain-based assets. The cash-funded deal demonstrates strong conviction in prediction markets evolving into mainstream investment tools, with potential implications for crypto adoption across traditional markets.