NYSE Owner’s $2B Crypto Gamble Propels Polymarket Toward $15B Valuation Frenzy
Intercontinental Exchange will invest up to $2 billion in crypto prediction platform Polymarket, valuing it at $8–10 billion and lifting ICE shares about 4%. Polymarket, fined in 2022 and previously barred from the U.S., secured regulatory approval to relaunch after acquiring a CFTC-licensed exchange. The company is now seeking new funding at a $12–15 billion valuation. Investors and major backers have rushed in as the sector expands.