Intercontinental Exchange (ICE)’s $2 Billion Bet On Polymarket: Is Wall Street Ready For The Prediction Market Revolution!

Intercontinental Exchange, the parent of the New York Stock Exchange, has confirmed a $2 billion investment in Polymarket, a blockchain-based prediction platform that lets users speculate on outcomes across politics, sports, finance, and pop culture. The investment, announced on October 7, 2025, values Polymarket at approximately $8 billion pre-investment and marks a decisive move by ICE into decentralized finance (DeFi). ICE will fund the deal entirely in cash, with no expected material impact on its 2025 earnings or capital return plans. ICE also intends to distribute Polymarket’s event-based data globally and collaborate on tokenization efforts. Coming on the heels of ICE’s record second-quarter earnings and a strong year-to-date performance across its exchanges, fixed income, and mortgage technology segments, the Polymarket stake marks a bold push to integrate the transparency and liquidity of traditional finance with the volatility and innovation of DeFi. With its Q3 earnings call scheduled for October 30, ICE has committed to offering more insights into how the Polymarket partnership fits into its broader strategy.