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Intercontinental Exchange has expanded its bet on prediction markets with a new $600 million investment in Polymarket.\u00a0<\/strong><\/p>\n \n Summary<\/span>\n <\/p>\n <\/p>\n The deal adds to an earlier commitment and comes as the sector attracts more capital and more attention from large financial firms.<\/p>\n ICE, the parent company of the New York Stock Exchange, said<\/a> on Friday that it invested another $600 million in Polymarket. The company said the new funding is part of its previously announced plan to invest up to $2 billion in the crypto-based prediction market platform.<\/p>\n <\/p>\n The company first announced its Polymarket investment plan in October 2025. With the latest round, ICE\u2019s total committed investment has reached about $2 billion, according to the company and related reporting.<\/p>\n ICE said the investment forms part of Polymarket\u2019s latest fundraising<\/a> round. It also said Polymarket\u2019s valuation will be disclosed after the fundraising process is completed. ICE added that the investment is not expected to have a material effect on its financial results or capital return plans.<\/p>\n Prediction markets have grown quickly over the past two years. Segment has moved from a niche part of crypto and academic finance into a fast-growing trading market with rising user activity and volumes. Analysts told Reuters these products could help exchanges reach more retail traders and expand trading revenue beyond traditional futures and options.<\/p>\n The new ICE investment comes shortly after rival prediction market Kalshi raised about $1 billion at a reported<\/a> $22 billion valuation. The funding round gave Kalshi a fresh boost as competition in event-based trading continues to grow.<\/p>\n\n\n\n
Kalshi deal adds competitive pressure<\/strong><\/h2>\n