NYSE Parent Company Finalizes Polymarket Investment, Totaling $1.6 Billion

New York Stock Exchange genitor institution Intercontinental Exchange has completed its concern into salient prediction marketplace level Polymarket, with the last full landing astatine $1.6 billion.

ICE said the caller backing is portion of an equity superior fundraising by Polymarket, and that the steadfast intends to acquisition up to $40 cardinal worthy of Polymarket securities from existing holders.

The NYSE genitor institution made a committedness of up to $2 cardinal to Polymarket successful October 2025 that valued the institution astatine $9 billion. Back then, the institution made a $1 cardinal archetypal investment. The further $600 cardinal and the program to acquisition securities from existing investors mean that the firm's obligations to Polymarket person present been fulfilled.

Polymarket has been locked successful a heated contention with rival level Kalshi, adjacent erstwhile it comes to fundraising.

Kalshi conscionable raised $1 cardinal earlier this period successful a circular led by Coatue Management, astatine a $22 cardinal valuation—double its $11 cardinal valuation from a December circular backed by Paradigm, Andreessen Horowitz, Ark Invest, and Sequoia.

Kalshi has been connected a accelerated fundraising teardrop since winning a CFTC tribunal conflict successful May 2025. That cleared the mode for its predetermination contracts to beryllium offered and the institution to standard from a $2 cardinal valuation successful June 2025 to its existent $22 cardinal successful nether a year.

Polymarket precocious enactment unneurotic a 3-day Washington D.C. pop-up experience, the Situation Room, which was billed arsenic the world’s archetypal brick-and-mortar destination for monitoring planetary prediction markets. It got mixed reviews from journalists successful attendance—tech outlet Wired called it "a disaster," owed to the screens being disconnected connected opening nighttime acknowledgment to method difficulties.

The concern comes arsenic prediction markets look increasing regulatory scrutiny successful Washington and successful aggregate states.

Massachusetts Rep. Seth Moulton banned his unit from trading connected platforms similar Polymarket and Kalshi this week, citing concerns astir insider trading. The further backing for Polymarket arrives a fewer weeks aft bipartisan lawmakers introduced the PREDICT Act to widen akin restrictions to members of Congress, elder officials, and their families.

Separately, senators person projected bans connected sports contracts and war-related markets, pursuing contention implicit profitable bets tied to U.S. strikes connected Iran and the seizure of Venezuela's Nicolás Maduro. Also connected Friday, California Governor Gavin Newsom signed an enforcement bid to prohibition authorities officials and politician appointees from betting connected prediction markets utilizing insider info.