The financial company Intercontinental Exchange (ICE), which owns the New York Stock Exchange (NYSE), is in negotiations for a potential $2 billion investment in the cryptocurrency betting platform Polymarket. If the deal is successfully completed, Polymarket’s market valuation could rise to $8–10 billion.
This is reported by Finway
Opportunities for a Return to the U.S. Market
According to sources familiar with the negotiations, the terms of the upcoming deal may still be subject to revision. An investment from ICE, one of the world’s largest financial infrastructure operators with a market capitalization of over $90 billion, could enhance confidence in Polymarket and open new avenues for its return to the U.S. market.
“The investment could help Polymarket return to the U.S. market, according to WSJ.”
Preconditions for a Major Deal
In July 2025, it was revealed that Polymarket acquired the derivatives exchange QCX for $112 million. This deal allowed the platform to operate legally in the United States, as QCX holds a license from the Commodity Futures Trading Commission. Thus, Polymarket gained the opportunity to strengthen its position in the American market.
In September, analysts stated that Polymarket was preparing for a significant investment round that could potentially boost its market capitalization substantially. At that time, proposals were being considered that valued the company at approximately $9 billion, with some investors even suggesting deals with valuations up to $10 billion.
Therefore, the upcoming deal with ICE could become one of the largest investment projects in the cryptocurrency betting platform sector, highlighting the growing interest of major financial players in this market segment.