Intercontinental Exchange (ICE) Bets Big on Polymarket — The Future of On-Chain Clearing Is Here!

Intercontinental Exchange, Inc. (ICE) recently reported its third quarter 2025 earnings, revealing notable achievements and some challenges. The company posted record third-quarter adjusted earnings per share of $1.71, marking a 10% increase from the same period last year. This was supported by net revenues of $2.4 billion and a 5% rise in recurring revenue. This growth was driven by strong performance in ICE’s Exchange and Fixed Income and Data Services segments, illustrating sustained demand for ICE’s proprietary data offerings. A positive aspect of ICE’s performance was the increase in recurring revenues, which totaled $389 million, a 7% year-over-year hike, underscored by a 9% growth in exchange data and connectivity services. The NYSE listings business also contributed positively, with the exchange helping to raise $20 billion in new IPO proceeds so far in 2025.