NYSE Parent Nears $2 Billion Investment in Polymarket, WSJ Reports

The New York Stock Exchange’s owner, Intercontinental Exchange (ICE), is reportedly preparing a $2 billion investment in blockchain-based prediction platform Polymarket, according to a report from the Wall Street Journal.

If finalized, the deal would value the company at up to $10 billion and could mark one of the largest institutional bets on crypto-powered betting infrastructure to date.

ICE’s role and polymarket’s expansion plans

The potential agreement could be announced as soon as Tuesday, the WSJ noted. Beyond capital, ICE’s involvement is seen as potentially providing Polymarket with a stronger regulatory standing, particularly as the platform eyes a return to the U.S. market.

Polymarket, launched in 2020, allows participants to place wagers on the outcomes of real-world events, ranging from elections and economic indicators to corporate earnings and major sporting contests.

The platform has built a sizable following internationally but has been unavailable to U.S. users since it reached a settlement with the Commodity Futures Trading Commission (CFTC) in 2022. That case centered on operating unregistered event-based contracts.

To pave the way for reentry, Polymarket earlier this year purchased a licensed exchange and clearing house. This acquisition, paired with the potential ICE investment, signals a deliberate effort to align more closely with U.S. regulatory frameworks and bring prediction markets back to American retail and institutional users.

Funding and partnerships

The company has already attracted high-profile backers. Data from TheTie shows Polymarket has raised around $300 million in total capital from investors including Peter Thiel’s Founders Fund.

More recently, the platform also added political connections to its ranks: Donald Trump Jr. joined Polymarket’s advisory board in August, while his venture firm disclosed an investment in the company.

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