NYSE Parent ICE Invests $2B in Polymarket, Valuing Prediction Platform at $9B

Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, is making a strategic $2 billion investment in crypto prediction platform Polymarket. The deal values Polymarket at $9 billion post-money and signals Wall Street's growing interest in blockchain-based prediction markets.

ICE plans to syndicate Polymarket's event-driven data to institutional clients while exploring tokenization opportunities. Shares of ICE rose in pre-market trading following the announcement, reflecting investor Optimism about the partnership.

The MOVE represents a significant validation for prediction markets, which have traditionally been viewed as too experimental for mainstream finance. Polymarket recently regained US regulatory access, though details of those efforts remain undisclosed.