ICE Invests $2 Billion in Polymarket, Valuing Blockchain Forecasting Platform at $9 Billion

The blockchain-based forecasting platform Polymarket has closed one of the largest deals in the history of the crypto industry.

The Intercontinental Exchange (ICE), parent company of the New York Stock Exchange (NYSE), is investing up to $2 billion in the young company. This gives Polymarket a valuation of approximately $9 billion—a milestone that demonstrates how closely intertwined traditional financial institutions and the blockchain world have become.

From niche to financial elite

Founded in 2020, Polymarket has evolved in just a few years from an experimental project to a serious player at the intersection of crypto and traditional financial markets. The platform allows users to bet on the outcome of political, economic, or cultural events—a form of “collective intelligence” that is increasingly viewed as a valuable tool for market forecasting.

Polymarket already attracted attention last year when its data was integrated into the Bloomberg terminal. Now, ICE is joining forces with a partner that has the infrastructure to distribute Polymarket’s data “to thousands of financial institutions worldwide,” as CEO Shayne Coplan explained on X (formerly Twitter).

Strategic importance for ICE and the NYSE

ICE CEO Jeffrey Sprecher sees the investment in Polymarket as more than just an investment. The goal is to use blockchain technologies to modernize the financial markets in the long term.

Sprecher described Polymarket as a “revolutionary company” that is driving the transition to a tokenized financial world. In an accompanying blog post, ICE also announced joint projects on digital representations of real assets – a clear signal of the growing importance of tokenization in traditional finance.

Prominent Supporters and Competitive Pressure:

Polymarket has gained numerous prominent backers in recent months. In addition to Tesla CEO Elon Musk, who brought the platform to public attention, Donald Trump Jr. recently joined as an advisor.

At the same time, competition is growing: The US platform Kalshi, which also specializes in prediction markets, was recently valued at $2 billion and is showing increasing trading volume—albeit without fully relying on blockchain technology.

Conclusion: The future of financial predictions is tokenized

With ICE’s investment, Polymarket finally catapults itself into the top league of fintech companies.

The combination of blockchain, market data, and traditional financial infrastructure could take the concept of prediction markets to a new level. For ICE and the NYSE, the deal also marks a decisive step toward a tokenized future in which traditional exchanges and decentralized systems increasingly merge.

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(Featured image by Tugay Kocaturk via Pexels)

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