Polymarket Secures $2 Billion Investment from NYSE Parent ICE at $9 Billion Valuation
Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, has committed up to $2 billion in Polymarket, valuing the decentralized prediction platform at $9 billion. The MOVE underscores deepening ties between blockchain innovation and traditional finance.
Founded in 2017 by Shayne Coplan, Polymarket initially catered to crypto enthusiasts betting on real-world events. Its markets—tracking elections, economic data, and global developments—gained traction as a sentiment barometer. The ICE investment marks a staggering leap from Polymarket's $1 billion valuation earlier this year, cementing its position as a rare DeFi project with institutional backing.
The deal coincides with clearer crypto regulations worldwide, accelerating cross-border adoption of decentralized assets. Blockchain-based tokens now facilitate property purchases, exchange trading, and even gaming transactions across jurisdictions.
