Intercontinental Alternate (ICE) invested $2 billion into Polymarket at a $9 billion post-money valuation, CEO Shayne Coplan introduced on Oct. 7.
The deal represents probably the most vital single funding in prediction markets and positions the sector as crypto’s rising battleground as institutional capital seeks on-chain infrastructure with real-world utility.
ICE is the proprietor of the New York Inventory Alternate and the world’s largest trade firm.
Lynn Martin, president of NYSE, celebrated the partnership in a publish earlier than the opening bell. She mentioned that the partnership will “assist convey prediction markets into the monetary mainstream.”
Past the funding
Coplan described the partnership as “a serious step in bringing prediction markets into the monetary mainstream” and “a monumental step ahead for DeFi.”
The announcement additionally highlighted that ICE founder Jeff Sprecher plans to make the most of NYSE infrastructure to advance the tokenization of belongings. Moreover, ICE will distribute Polymarket knowledge to 1000’s of monetary establishments globally.
The funding follows two beforehand unannounced rounds. Coplan revealed that Founders Fund led a $150 million Sequence B earlier in 2025 at a $1.2 billion valuation, with participation from Ribbit, Valor, Point72 Ventures, and Coinbase.
Blockchain Capital additionally led a $55 million Sequence A in 2024 at a $350 million valuation.
What it means for prediction markets
Polymarket’s return to US markets gained regulatory clearance on Sept. 3 when the Commodity Futures Buying and selling Fee (CFTC) issued a no-action letter to QCX LLC, enabling occasion contracts to function below federal derivatives guidelines. QCX was acquired by Polymarket this yr.
The approval marks a comeback for the platform, which ceased US operations in 2022 after settling unregistered derivatives fees for $1.4 million.
The regulatory inexperienced gentle arrives as prediction markets captured mainstream consideration. September’s month-to-month quantity greater than doubled to $4.28 billion, up 126.3% from August’s $1.89 billion.
Kalshi seized market management with $2.74 billion in September quantity, claiming roughly 64% share, whereas Polymarket posted 41.4% development to $1.42 billion.
Haseeb Qureshi, companion at Dragonfly, referred to as the transfer “a regime change” for prediction markets. He added:
“Polymarket + NYSE is a regime change. $2B funding means there’s a earlier than and after now for prediction markets. We’re not within the kiddie pool anymore. Watch this house.”
Stani Kulechov, founding father of Aave, praised Coplan’s focus and mentioned “Polymarket is the way forward for information.”
Martin, from NYSE, added:
“Via the gold customary of monetary infrastructure, we’re redefining how trendy markets function.”
ICE’s entry validates prediction markets as institutional-grade infrastructure.
The backing of the world’s largest trade operator and enthusiasm from established crypto figures counsel prediction markets have crossed from an experimental DeFi vertical to a class poised for mainstream adoption.
