NYSE owner Intercontinental Exchange invests $600 million in Polymarket

Intercontinental Exchange, the global exchange operator that owns the New York Stock Exchange (NYSE), has completed a $600 million direct cash investment in Polymarket, a leading prediction market platform, the company said Friday.

This funding is part of a previously announced investment plan and comes after ICE’s $1 billion initial investment in Polymarket. ICE may additionally purchase up to $40 million of existing securities, fulfilling its commitments under the original arrangement.

ICE said last October it would invest up to $2 billion in Polymarket, valuing the platform at $8 billion pre-investment at the time. Apart from financial backing, the exchange will also become a global distributor of Polymarket’s event-driven data and collaborate on tokenization projects.

The Wall Street powerhouse is accelerating its push into tokenized securities.

NYSE on Tuesday announced a partnership with Securitize to help build infrastructure for tokenized securities. Securitize will serve as the first digital transfer agent for NYSE’s upcoming platform, issuing blockchain-based shares and ETFs.

The 24/7 platform is designed to modernize trading by improving efficiency, reducing risks, and advancing tokenization while maintaining investor protections and market integrity.