Intercontinental Trade (ICE), the dad or mum of the New York Inventory Trade (NYSE), stated Friday it accomplished a brand new $600 million direct money funding in Polymarket, deepening its guess on prediction markets as a brand new space of progress for change operators.
The corporate additionally stated it expects to buy as much as $40 million of Polymarket securities from present holders, including to its beforehand introduced funding dedication made in October 2025.
In that earlier deal, ICE stated it will make investments as much as $2 billion in Polymarket, marking one of many largest institutional strikes into the prediction market sector. The newest transaction advances that association, although phrases for the brand new funding, together with valuation, weren’t disclosed.
The deal indicators ICE’s intention to increase its publicity to prediction markets, even because the sector faces evolving US regulatory scrutiny.
Polygon Labs says Polymarket scaling highlights infrastructure position
Aishwary Gupta, world head of enterprise at Polygon Labs, stated ICE’s newest funding displays institutional consideration towards onchain market platforms.
Gupta informed Cointelegraph that Polymarket’s progress on Polygon exhibits how blockchain infrastructure is getting used to assist high-frequency, real-time market exercise.
Associated: Lawmakers push one other invoice to curb prediction market insider buying and selling
“Intercontinental Trade’s funding in Polymarket highlights the rising institutional curiosity in onchain market platforms,” Gupta stated.
He stated Polymarket’s progress on Polygon exhibits how blockchain infrastructure can assist excessive ranges of real-time market exercise at scale.
Regulators in 11 states made strikes towards prediction markets
The information comes as prediction markets face growing regulatory strain throughout the US.
No less than 11 states are pursuing authorized motion towards prediction market platforms like Polymarket and Kalshi.
Nevada has issued a brief ban on Polymarket competitor Kalshi, whereas Arizona filed felony expenses alleging the platform operated an unlawful playing enterprise. A number of different states have despatched cease-and-desist orders or are contemplating new laws.
Polymarket just lately up to date its guidelines to extra clearly prohibit buying and selling on confidential info as lawmakers and critics elevate issues that prediction markets may be susceptible to insider-style exercise, particularly round politics, sports activities and geopolitics.
Journal: Banks need to run Vietnam’s crypto exchanges, Boyaa’s $70M BTC plan: Asia Specific