Intercontinental Exchange is making a $2 billion investment in Polymarket, the prediction market that tracks event probabilities across markets, politics, sport and culture.
ICE will invest up to $2 billion in Polymarket, reflecting a valuation of approximately $8 billion pre-investment. ICE will also become a global distributor of Polymarket’s event-driven data, providing customers with sentiment indicators on topics of market relevance. Further, ICE and Polymarket agreed to partner on future tokenization initiatives.
“Our investment blends ICE, the owner of the New York Stock Exchange, which was founded in 1792, with a forward-thinking, revolutionary company pioneering change within the Decentralized Finance space,” Jeffrey Sprecher, ICE chair and CEO, said. “Shayne Coplan has assembled a team at Polymarket to create a user-driven company relentlessly focused on product, building usage and distribution. There are opportunities across markets which ICE together with Polymarket can uniquely serve and we are excited about where this investment can take us.”
Polymarket allows users to express their views on events by buying and selling shares of potential outcomes, with markets growing in size based on the number of users participating.
“Our partnership with ICE marks a major step in bringing prediction markets into the financial mainstream,” Shayne Coplan, founder and CEO of Polymarket, said. “Together, we’re expanding how individuals and institutions use probabilities to understand and price the future. Jeff and his team have redefined how modern markets operate, establishing ICE as the gold standard for trusted financial infrastructure. By combining ICE’s institutional scale and credibility with Polymarket’s consumer savvy, we will be able to deliver world-class products for the modern investor. Realizing the potential of new technologies, such as tokenization, will require collaboration between established market leaders and next-generation innovators. We couldn’t be more excited to build together.”
The investment will be in cash and is not expected to have a material impact on ICE’s 2025 financial results.