Intercontinental Exchange (ICE), the parent company of the Recent York Stock Exchange (NYSE), said Friday that it has completed a novel $600 million direct cash investment in Polymarket, deepening its commitment to prediction markets as a novel growth area for exchange operators.
The company too he said expects to acquire up to $40 million of Polymarket securities from existing holders, in addition to its previously announced investment commitment made in October 2025.
As part of that earlier transaction, ICE said it would invest up to $2 billion in Polymarket, marking one of the largest institutional moves in the prediction market sector. The latest transaction deepens this arrangement, although the terms of the novel investment, including the valuation, have not been disclosed.
The deal signals ICE’s intention to expand its exposure to prediction markets, even in the face of changing U.S. regulatory scrutiny.
Polygon Labs says the scaling of Polymarket highlights the role of infrastructure
Aishwary Gupta, global chief business officer at Polygon Labs, said ICE’s latest investment reflects the institution’s focus on onchain marketplace platforms.
Gupta told Cointelegraph that the development of Polymarket on the Polygon platform demonstrates how blockchain infrastructure is used to support high-frequency market activity in real time.
Related: Lawmakers are pushing another bill aimed at curbing insider trading in the forecasting market
“Intercontinental Exchange’s investment in Polymarket highlights the growing institutional interest in onchain market platforms,” Gupta said.
He said the development of Polymarket on the Polygon platform demonstrates how blockchain infrastructure can support high levels of real-time market activity at scale.
Regulators in 11 states have made moves against prediction markets
The news comes as forecast markets face increasing regulatory pressure across the United States.
At least 11 states are taking legal action against prediction marketplace platforms such as Polymarket and Kalshi.
Nevada imposed a short-lived ban on Polymarket competitor Kalshi, while Arizona filed criminal charges accusing the platform of conducting illegal gambling activities. Several other states have issued cease-and-desist orders or are considering novel legislation.
Polymarket recently updated its policies to more clearly prohibit insider trading as lawmakers and critics raise concerns that prediction markets may be vulnerable to insider activity, particularly in the context of politics, sports and geopolitics.
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