Intercontinental Exchange, Inc. (ICE) has announced a strategic investment of up to $2 billion in Polymarket, the prediction market and information platform. The investment is based on a pre-investment valuation of approximately $8 billion for Polymarket, which allows users to trade on the probability of events across markets, politics, sport and culture. The consideration will be paid in cash and is not expected to materially impact ICE’s financial results for 2025.
As part of the agreement, ICE will become a global distributor of Polymarket’s event-driven data, providing its customers with sentiment indicators on topics of market relevance. The two companies have also agreed to partner on future tokenisation initiatives.
Founded in 2020 by Shayne Coplan, Polymarket enables users to buy and sell shares of potential outcomes, with trades matched through smart contracts. ICE will provide further details on the investment during its third-quarter earnings call, which is scheduled for 30 October 2025.
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