Intercontinental Switch (ICE), the parent of the Contemporary York Inventory Switch (NYSE), stated Friday it accomplished a brand fresh $600 million issue cash funding in Polymarket, deepening its wager on prediction markets as a brand fresh attach of growth for substitute operators.
The firm moreover stated it expects to aquire up to $40 million of Polymarket securities from existing holders, adding to its previously introduced funding dedication made in October 2025.
In that earlier deal, ICE stated it would invest up to $2 billion in Polymarket, marking regarded as one of many largest institutional moves into the prediction market sector. The most up-to-date transaction advances that arrangement, even though phrases for the fresh funding, including valuation, weren’t disclosed.
The deal indicators ICE’s plan to construct up bigger its publicity to prediction markets, whilst the sphere faces evolving US regulatory scrutiny.
Polygon Labs says Polymarket scaling highlights infrastructure role
Aishwary Gupta, global head of enterprise at Polygon Labs, stated ICE’s most up-to-date funding reflects institutional attention in direction of onchain market platforms.
Gupta urged Cointelegraph that Polymarket’s growth on Polygon presentations how blockchain infrastructure is being frail to enhance high-frequency, actual-time market task.
Connected: Lawmakers push one other invoice to curb prediction market insider procuring and selling
“Intercontinental Switch’s funding in Polymarket highlights the rising institutional ardour in onchain market platforms,” Gupta stated.
He stated Polymarket’s growth on Polygon presentations how blockchain infrastructure can enhance high stages of actual-time market task at scale.
Regulators in 11 states made moves against prediction markets
The news comes as prediction markets face rising regulatory power across the US.
On the least 11 states are pursuing correct motion against prediction market platforms indulge in Polymarket and Kalshi.
Nevada has issued a non eternal ban on Polymarket competitor Kalshi, whereas Arizona filed prison prices alleging the platform operated an illegal playing enterprise. Several other states have sent cease-and-desist orders or are thinking about fresh laws.
Polymarket unbiased unbiased as of late updated its principles to more clearly restrict procuring and selling on confidential records as lawmakers and critics elevate concerns that prediction markets is seemingly to be at ache of insider-vogue task, especially around politics, sports activities and geopolitics.
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