Intercontinental Exchange Invests Another $600 Million in Polymarket
Posted on: March 30, 2026, 10:37h.
Last updated on: March 30, 2026, 10:37h.
- Exchange operator will also buy up to $40 million in Polymarket securities from existing investors
- ICE’s investment is part of Polymarket’s latest funding round
- ICE previously invested $2 billion in the prediction market at an $8 billion pre-money valuation
Intercontinental Exchange (NYSE: ICE), the owner of the New York Stock Exchange (NYSE), is pouring another $600 million into Polymarket as part of the prediction market operator’s latest capital raising efforts.
The announcement, which was unveiled last Friday, indicates the capital allocation is a direct cash investment in the yes/no exchange. ICE added it expects to purchase up to $40 million in Polymarket securities from existing investors.
Intercontinental Exchange, one of the world’s leading providers of financial market technology and data powering global capital markets, announced that, as part of its previously announced investment arrangement with Polymarket, ICE has completed a new $600 million direct cash investment in Polymarket, which is part of an equity capital fundraising by Polymarket,” according to a statement issued by the financial services company.
The impact of ICE’s latest investment on Polymarket’s valuation isn’t yet known because the prediction market operator hasn’t concluded its latest financing round, but reports surfaced earlier this month indicating Shayne Coplan’s company is looking to raise capital at a $20 billion multiple.
ICE Is a Devoted Polymarket Investor
The $600 million direct cash injection into Polymarket is the second investment by ICE in the world’s largest prediction market firm.
Last October, the exchange operator invested $2 billion in Polymarket at a pre-money valuation of $8 billion. On a post-investment basis, Polymarket was then valued at $9 billion to $10 billion, according to reports that surfaced at that time.
“ICE’s investments in Polymarket are not expected to have a material impact on ICE’s financial results or expected capital return plans. Certain terms of ICE’s investment in Polymarket, including the valuation of today’s investment, are expected to be disclosed following the completion of Polymarket’s fundraising,” according to the statement.
Those investments were made at a time when Polymarket still isn’t fully operational in the US, implying rival Kalshi has opened a considerable lead over Polymarket in this country. Other Polymarket investors include Peter Thiel’s Founders Fund, Donald Trump Jr., and Ethereum co-founder Vitalik Buterin, among others. Trump Jr.’s 1789 Capital firm made a double-digit, multimillion-dollar investment in Polymarket last August.
Speaking of Kalshi…
News of ICE’s $600 million investment in Polymarket emerged just days after it was revealed that investors led by Coatue Management poured $1 billion into Kalshi, pushing the valuation on that company to $22 billion.
The recent capital raises by Kalshi and Polymarket confirm professional investors and venture capitalists remain bullish on prediction markets even as operators contend with mounting state-level litigation centering on the legality of sports event contracts.
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