NYSE parent firm eyes $2 billion investment in Polymarket: WSJ

Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, is in advanced talks to invest $2 billion in Polymarket in a deal that could value the company between $8 billion and $10 billion.

A deal could be announced as soon as Tuesday, although details remain undecided, according to a Wall Street Journal  report .

The prospective investment follows months of fundraising chatter. In September, The Block reported Polymarket was weighing a financing round at a $9–$10 billion valuation while rival Kalshi was close to raising at around $5 billion.

Polymarket has been preparing for a broader U.S. rollout after striking a deal to acquire derivatives venue QCEX this summer, and later saying it could go live in the United States following CFTC action . The platform has expanded its product set since the July acquisition, including launching company-earnings forecasting markets , and more recently, adding bitcoin deposits to broaden funding options.

An investment from one of the world’s leading exchange operators—worth more than $90 billion by market value—would bolster Polymarket’s credibility as it pushes to establish a U.S. presence.

Polymarket’s Polygon-based prediction platform lets users trade on real-world events by buying and selling yes/no shares priced from $0 to $1. Winning shares settle at $1 USDC upon resolution. The markets encompass areas such as politics, macroeconomics, cryptocurrency, and culture, and have become a high-frequency barometer for rapidly moving news.

If finalized, ICE’s backing would collide two worlds—TradFi exchange infrastructure and crypto-native prediction rails—just as regulated competitors like Kalshi scale up.

The Block reached out to Polymarket for comment.