New York Stock Exchange parent company Intercontinental Exchange (ICE) is continuing to build out its decentralised finance portfolio by injecting a final $600 million into Polymarket.
Founded in 2020 by Shayne Coplan, Polymarket allows users to trade on real-world event outcomes using cryptocurrency. ICE’s earlier deal valued the platform at around $8 billion and made ICE the exclusive global distributor of its event-based data. The company now also plans to purchase up to $40 million in shares from existing investors.
This latest investment comes as ICE deepens its digital asset strategy, including a recent minority stake in crypto exchange OKX. Together, these moves aim to connect traditional financial markets with emerging Web3 infrastructure, including potential future tokenisation initiatives.
While Polymarket operates as a decentralised prediction tool, the investment in OKX provided ICE with access to centralised spot crypto price data to launch new futures contracts, with the aim of bridging traditional finance with Web3 infrastructure
About Intercontinental Exchange
Intercontinental Exchange, Inc. (NYSE: ICE) is a Fortune 500 company that designs, builds, and operates digital networks that connect people to opportunity. We provide financial technology and data services across major asset classes helping our customers access mission-critical workflow tools that increase transparency and efficiency. ICE’s futures, equity, and options exchanges — including the New York Stock Exchange — and clearing houses help people invest, raise capital and manage risk. We offer some of the world’s largest markets to trade and clear energy and environmental products. Our fixed income, data services and execution capabilities provide information, analytics and platforms that help our customers streamline processes and capitalize on opportunities. At ICE Mortgage Technology, we are transforming U.S. housing finance, from initial consumer engagement through loan production, closing, registration and the long-term servicing relationship. Together, ICE transforms, streamlines, and automates industries to connect our customers to opportunity.