Date of Publication: March 30, 2026, 10:37h.
Updated on: March 30, 2026, 10:37h.
- Exchange operator will invest up to $40 million in Polymarket securities from current stakeholders
- ICE’s funding is part of Polymarket’s new capital acquisition round
- ICE had previously injected $2 billion into the prediction market at a pre-money valuation of $8 billion
Intercontinental Exchange (NYSE: ICE), the parent company of the New York Stock Exchange (NYSE), is set to invest an additional $600 million into Polymarket as part of the prediction market operator’s latest fundraising initiatives.
The revelation, made last Friday, confirms that this capital injection is a direct cash investment into the yes/no exchange. ICE also plans to acquire up to $40 million in Polymarket securities from current investors.
“Intercontinental Exchange, a leading provider of financial market technology and data that enhances global capital markets, has announced the completion of a new $600 million direct cash investment in Polymarket, which is part of Polymarket’s equity fundraising efforts,” as stated by the financial service firm.
The influence of ICE’s latest investment on Polymarket’s valuation is still uncertain since the prediction market operator is yet to finalize its current funding round. However, reports from earlier this month suggested that Shayne Coplan’s firm is aiming to raise capital at a $20 billion valuation.
ICE Remains a Committed Investor in Polymarket
The recent $600 million cash influx into Polymarket marks ICE’s second investment in the world’s leading prediction market.
In October of last year, the exchange operator invested $2 billion in Polymarket at a pre-money valuation of $8 billion. Following this investment, Polymarket’s valuation rose to between $9 billion and $10 billion, based on reports at that time.
“ICE’s investments in Polymarket are not projected to significantly affect ICE’s financial outcomes or anticipated capital return strategies. Specific terms of ICE’s investment in Polymarket, including the current investment’s valuation, will be disclosed after Polymarket’s fundraising concludes,” the statement added.
These investments were made while Polymarket is still not fully operational in the U.S., providing a competitive edge to rival Kalshi in the domestic market. Notable investors in Polymarket also include Peter Thiel’s Founders Fund, Trump Jr., and Ethereum co-founder Vitalik Buterin, among others. Trump Jr.’s 1789 Capital firm made a significant multimillion-dollar investment in Polymarket last August.
On the Topic of Kalshi…
News about ICE’s $600 million investment in Polymarket surfaced shortly after it was disclosed that investors led by Coatue Management had invested $1 billion into Kalshi, escalating that company’s valuation to $22 billion.
The recent influx of capital into both Kalshi and Polymarket underscores the confidence professional investors and venture capitalists have in prediction markets, even amidst increasing legal challenges regarding the legitimacy of sports event contracts at the state level.