NYSE owner doubles down on Polymarket with fresh $600 million investment

The parent company of the New York Stock Exchange is cementing its bet on the future of prediction markets, bringing its total commitment to nearly $2 billion.

What to know:

• Intercontinental Exchange, the owner of the New York Stock Exchange, added $600 million to its investment in prediction market platform Polymarket, bringing its total commitment close to $2 billion.
• The ICE deal deepens Polymarket’s ties to a major global market operator as rival Kalshi raises more than $1 billion at a $22 billion valuation and generates an estimated $1.5 billion in annual revenue.
• The surge in funding comes as regulators and lawmakers scrutinize whether prediction markets are vulnerable to manipulation.

Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange (NYSE), said it added another $600 million to its investment in prediction market platform Polymarket, closing out a previously announced funding agreement between the two firms.

The new capital comes on top of a $1 billion investment ICE made in October. ICE also plans to buy up to $40 million in additional shares from existing holders, bringing its total commitment close to $2 billion. The company said the investment will not materially affect its financial results.

Polymarket runs a marketplace where users trade on the outcome of real-world events, from elections to economic data releases. A trader, for example, might buy shares that pay out if inflation rises above a specified level. Prices shift in real time, reflecting crowd expectations.

The backing from ICE gives Polymarket more than capital. It ties the platform to one of the upcoming names in global markets. Rival platform Kalshi recently raised more than $1 billion at a $22 billion valuation, roughly double its previous mark. The company is already generating an estimated $1.5 billion in annual revenue, highlighting strong demand for event-based trading.

Investor interest has grown even as lawmakers question whether prediction markets are vulnerable to manipulation or insider activity. These concerns could shape how regulators treat both Polymarket and its peers in the coming years.

Polymarket has taken steps to position itself for that scrutiny. It acquired a licensed exchange and clearinghouse earlier this year while expanding its political and financial ties. It also recently announced a partnership with Palantir and TWG AI to build a surveillance system aimed at detecting suspicious trading and manipulation in its sports prediction markets.

ICE’s investment signals that large, traditional market operators see potential in the sector. If prediction markets gain broader approval, they could sit alongside stocks and futures as another way for traders to express views on the forthcoming events.

More For You

As stablecoins evolve into core financial infrastructure, North America leads. This report maps the regulation, market shifts, and players driving adoption.

Why it matters:

Stablecoins are entering their third phase of evolution - the institutionalization era - becoming increasingly embedded into core financial infrastructure. As institutions prioritize transparency and compliance, regulated issuers like USDC, RLUSD, and PYUSD are steadily gaining share with RLUSD surpassing $1B in market cap within its first year. North America, leading in regulatory frameworks and institutional distribution, is at the center of it all.

More For You

Glassnode data shows distribution across cohorts as BTC falls below $67,000, with whales remaining largely neutral.

What to know:

• Retail wallets under 10 BTC are leading the sell-off, with accumulation scores near zero indicating aggressive distribution.
• Larger holders, especially whales, are mostly sidelined, showing limited selling and little sign of renewed accumulation

Retail investors drive widespread bitcoin selling as prices fall

1 hour ago

Ondo, canton sidestep macro concerns with institutional deals as bitcoin, ether slide

1 hour ago

Bitcoin drops to two-week low as $300 million in longs are liquidated

1 hour ago

Anchorage Digital adds Tron custody, opens U.S. institutional access to TRX trading

2 hours ago

Bitcoin falls below $67,000 as U.S. 10-year Treasury yield nears 1-year high of 4.5%

3 hours ago

Investors yank $171 million from bitcoin ETFs in largest single-day outflow in three weeks

5 hours ago

Tether hires KPMG for USDT audit, brings in PwC as it gears up for U.S. expansion

8 hours ago

White House crypto czar David Sacks transfers to presidential advisory committee role

12 hours ago

Bitcoin macro risks spike as Ukraine messes with Trump's plan to stabilize oil markets

6 hours ago