Intercontinental Exchange, the parent company of the New York Stock Exchange, on Friday announced a new $600 million direct cash investment in Polymarket, completing the exchange operator's structured investment arrangement with the prediction market platform.
The investment is part of a broader equity capital fundraise by Polymarket, according to a press release from ICE. The company also expects to purchase up to $40 million in Polymarket securities from existing holders, which would close out its obligations under the deal first announced in October 2025. The valuation of Friday's investment is expected to be disclosed after Polymarket completes its fundraising.
ICE made an initial $1 billion direct investment in Polymarket at that time, in what was the largest single investment ever made in a prediction market company. That deal valued Polymarket at roughly $8 billion pre-investment and established ICE as a global distributor of Polymarket's event-driven data.
To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
