NYSE Owner ICE Nears $2B Polymarket Investment in Major Crypto Prediction Market Deal

Intercontinental Exchange (ICE), the parent company of New York Stock Exchange, is finalizing a massive $2 billion investment in cryptocurrency prediction platform Polymarket according to Wall Street Journal reports. The landmark deal, potentially announced this week, would value Polymarket at approximately $10 billion while providing significant regulatory credibility for the platform's planned return to U.S. markets. Founded in 2020, Polymarket enables users to wager on future events across politics, economics, corporate performance, and sports. Despite global popularity, U.S. access has been restricted since a 2022 CFTC settlement. Recent strategic moves include acquiring licensed exchange infrastructure and adding Donald Trump Jr. to its advisory board. Platform metrics show impressive traction with $1.5 billion monthly volume and $164 million in total value locked, backed by $300 million total funding from prominent investors including Peter Thiel's Founders Fund.