ICE Invests $2B in Polymarket, Bringing Prediction Markets Mainstream
Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, has invested up to $2 billion in prediction markets provider Polymarket. The deal, announced recently, values Polymarket at approximately $8 billion pre-investment. Shares in ICE closed 2.92 per cent higher at $161.98 per share in New York on Tuesday following the news.
ICE chair and CEO Jeffrey Sprecher praised Polymarket, describing it as a forward-thinking company pioneering change within the Decentralized Finance space. As part of the partnership, ICE will become a global distributor of Polymarket's event-driven data to institutional investors and collaborate on future tokenization initiatives. Polymarket founder and CEO Shayne Coplan expects this partnership to bring prediction markets into the financial mainstream. However, the investment is not expected to materially impact ICE's 2025 financial results or capital return plans.
The strategic investment by ICE in Polymarket signals a growing interest in prediction markets and decentralized finance. While the financial impact on ICE is not expected to be significant in the short term, the partnership opens up new avenues for both companies, potentially reshaping the landscape of financial data distribution and tokenization.
