ICE completed a new $600 million investment in Polymarket, advancing its $2 billion funding deal as prediction markets face growing scrutiny.
Intercontinental Exchange (ICE), the parent of the New York Stock Exchange (NYSE), said Friday it completed a new $600 million direct cash investment in Polymarket, deepening its bet on prediction markets as a new area of growth for exchange operators.
The company also said it expects to purchase up to $40 million of Polymarket securities from existing holders, adding to its previously announced investment commitment made in October 2025.
In that earlier deal, ICE said it would invest up to $2 billion in Polymarket, marking one of the largest institutional moves into the prediction market sector. The latest transaction advances that arrangement, though terms for the new investment, including valuation, were not disclosed.
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