Intercontinental Exchange (ICE), parent company of the New York Stock Exchange, announced on March 27 it completed a $600 million direct cash investment in decentralized prediction market Polymarket, as part of the platform's latest equity round.
Additional share purchase, full commitment met
Beyond the direct infusion, ICE disclosed plans to acquire up to $40 million in securities from certain existing Polymarket shareholders. This follows an initial $1 billion investment in October 2025 (with a pledge of up to $2 billion). The latest $600 million injection, combined with the pending secondary purchase, fulfills ICE's total investment commitment to Polymarket.
Limited financial impact, valuation to be disclosed post-close
ICE stressed that the Polymarket investments would not materially affect the group's overall financial performance or expected capital return plans. Valuation terms—including those tied to this round—will be revealed once Polymarket finalizes the entire funding process.
Polymarket, a leading blockchain-based prediction market, has weathered major political and macroeconomic events and now draws significant institutional capital from Wall Street. The repeated large bets from a traditional finance giant signal strong conviction in the on-chain forecasting space.