Wall Street giant acquires major stake in Polymarket

On Oct. 7, the Intercontinental Exchange, Inc. (NYSE:ICE), the parent company of the New York Stock Exchange, announced a strategic investment of up to $2 billion in the crypto-based prediction market Polymarket.

Launched in 2020, the New York City-headquartered Polymarket is the world’s largest prediction market. It lets traders predict events like future Bitcoin price, election results, government shutdown, Federal Reserve policy, etc., by paying with cryptocurrency.

Related: What is Crypto? Cryptocurrency explained

The agreement values Polymarket at approximately $8 billion pre-investment.

ICE will become a global distributor of Polymarket’s event-driven data and partner on future tokenization initiatives, the statement read.

“Our investment blends ICE, the owner of the New York Stock Exchange, which was founded in 1792, with a forward-thinking, revolutionary company pioneering change within the Decentralized Finance space,” said ICE Chair and CEO Jeffrey C. Sprecher. “There are opportunities across markets which ICE together with Polymarket can uniquely serve and we are excited about where this investment can take us.”Shayne Coplan, founder and chief executive officer of Polymarket, during a joint SEC-CFTC roundtable at SEC headquarters in Washington, DC, US, on Monday, Sept. 29, 2025. Industry leaders will come together to discuss regulatory priorities during the joint round table hosted by the US Securities and Exchange Commission and the Commodity Futures Trading Commission.

"Our partnership with ICE marks a major step in bringing prediction markets into the financial mainstream," said Polymarket founder and CEO Shayne Coplan. “By combining ICE’s institutional scale and credibility with Polymarket’s consumer savvy, we will be able to deliver world-class products for the modern investor.”

More News:

Polymarket wins CFTC approval to launch in U.S. Trump Jr.’s venture fund reportedly invests in PolyMarket U.S. government shutdown could renew interest in crypto, analysts say

Polymarket re-enters U.S. market

Polymarket once faced intense legal scrutiny in the U.S. but Donald Trump winning the presidential election eased matters for the crypto industry and the prediction market also benefitted from the development.

1789 Capital, a VC fund Donald Trump Jr. joined as a partner in late 2024 following his father's election victory, invested in Polymarket in late August.

Once barred from the U.S. market, American users can now place trades on Polymarket following a Commodity Futures Trading Commission (CFTC) directive issued in early September.

This story was originally reported by TheStreet on Oct 7, 2025, where it first appeared in the Business News section. Add TheStreet as a Preferred Source by clicking here.

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