NYSE Parent Drops $2B on Polymarket As Suits Storm The Blockchain Betting Arena

Intercontinental Exchange, Inc. (NYSE: ICE), the owner of the New York Stock Exchange and a leading global provider of data, technology, and market infrastructure, announced this morning it will invest up to $2 billion in Polymarket, a fast-growing prediction markets platform. The investment values Polymarket at approximately $8 billion and represents a strategic partnership designed to expand access to tokenized markets and data-driven event forecasting.

The move gives one of Wall Street’s most established institutions a stake in one of its most unconventional frontiers… where blockchain meets probability and every headline can, quite literally, move the market.

“There are opportunities across markets which ICE together with Polymarket can uniquely serve, and we are excited about where this investment can take us,” said Jeffrey Sprecher, Founder, Chair and Chief Executive Officer of Intercontinental Exchange.

Polymarket was founded in 2020 by Shayne Coplan, who built the company around the idea that markets can be used to measure truth in real time. Its smart-contract system matches trades peer-to-peer on blockchain infrastructure. Earlier this year, the firm received U.S. regulatory approval and added 1789 Capital (a fund backed by Donald Trump Jr.) to its investor list.

“This partnership marks a major step in bringing prediction markets into the financial mainstream,” Coplan said. “ICE’s institutional reach and Polymarket’s technology create a foundation for data-driven financial products built for a connected world.”

The collaboration will also advance ICE’s work in tokenization… the conversion of traditional assets such as bonds or real estate into digital tokens tradable on blockchain networks. Supporters say tokenization could reshape market plumbing by making transactions faster, cheaper, and more transparent. Skeptics see a regulatory maze ahead, but the momentum is undeniable.

Analysts at Piper Sandler project that global prediction-market revenue may climb to $8 billion annually by 2030, driven by institutional adoption and tokenized market growth. For ICE, whose business has long centered on building modern market infrastructure, the Polymarket deal extends its reach into an arena where information itself is becoming tradable capital.

About Intercontinental Exchange

Intercontinental Exchange (NYSE: ICE) is a Fortune 500 company that designs, builds, and operates digital networks to connect people to opportunity. ICE operates leading financial and commodity marketplaces, provides data and technology services, and is the parent company of the New York Stock Exchange.

At the time of publishing this article, Stocks.News doesn’t hold positions in companies mentioned in the article.