Polymarket Secures $2B in Landmark Crypto Funding Round Amid Institutional Surge

Venture capital flooded crypto markets this week as investors committed $3.19 billion across 20 blockchain projects, defying ongoing volatility. Polymarket's $2 billion raise from Intercontinental Exchange (ICE) dominated the landscape, valuing the prediction-market platform at $9 billion post-investment. The deal grants ICE exclusive rights to distribute Polymarket's event-driven data to institutional clients—a strategic move signaling Wall Street's growing appetite for decentralized finance infrastructure.

Kalshi followed with a $300 million raise backed by Sequoia and Paradigm, while niche sectors like Bitcoin-backed insurance attracted capital. Polymarket's resurgence—marked by regulatory clearance and high-profile backers including Donald TRUMP Jr.—highlights prediction markets' transition from fringe experiment to mainstream financial instrument. ICE's bet positions Polymarket as a critical provider of real-time probability data for traditional institutions navigating increasingly crypto-native markets.