NYSE parent finalizes investment in Polymarket for a total value of US$1.6 billion

InterContinental Exchange, the parent company of the New York Stock Exchange, has completed its investment in prominent prediction market platform Polymarket, bringing the final total to $1.6 billion.

ICE said the new financing is part of a capital fundraising exercise by Polymarket, and that the company intends to purchase up to $40 million of Polymarket securities from the current owners.

Its NYSE parent pledged up to $2 billion to Polymarket in 2018 October 2025 Which values ​​the company at $9 billion. At that time, the company made an initial investment of $1 billion. The additional $600 million and the plan to purchase securities from existing investors means that the company’s obligations to Polymarket have now been met.

Polymarket has entered into a fierce competition with rival platform Kalshi, even when it comes to fundraising.

Just everything Raised $1 billion earlier this month in a round led by Coatue Management, at a valuation of $22 billion, double its $11 billion valuation from a December round backed by Paradigm, Andreessen Horowitz, Ark Invest and Sequoia.

Calce has been on a fundraising tear ever since Winning a court battle with the Commodity Futures Trading Commission (CFTC). In May 2025. This paved the way to introduce its elective contracts and expand the company’s scope from $2 billion valuation in June 2025 To the current $22 billion in less than a year.

Polymarket recently put together a 3-day Washington, D.C., pop-up experience, The Situation Room, billed as the world’s first brick-and-mortar destination for observing global prediction markets. I’ve gotten mixed reviews from Journalists in presence– Technology outlet Wired She described it as a “disaster” because the screens were closed on opening night due to technical difficulties.

The investment comes as prediction markets face increased regulatory scrutiny in Washington and in multiple states.

Massachusetts Rep. Seth Moulton Ban his employees from trading on platforms such as Polymarket and Kalshi this week, due to concerns about insider trading. Additional funding for Polymarket arrives in a few weeks Lawmakers from both parties foot Law of prediction To extend similar restrictions to members of Congress, senior officials and their families.

Separately, senators proposed a ban on war-related sports contracts and markets, following controversy over lucrative bets linked to US strikes on Iran and the arrest of Venezuelan President Nicolas Maduro. Also on Friday, California Governor Gavin Newsom He signed an executive order Prohibit state officials and governor appointees from betting on prediction markets using inside information.