NYSE Invests $2 Billion in Polymarket
Date: 2025-10-08 Author: Henry Casey Categories: BUSINESS
Intercontinental Exchange (ICE), the owner of the New York Stock Exchange (NYSE), announced a $2 billion investment in Polymarket. The deal values the platform at $9 billion, strengthening its position in the US market. Earlier in the summer, Polymarket acquired the licensed exchange QCEX and announced plans to officially launch in the US after regulatory approval.
Polymarket's popularity surged during the 2024 US presidential campaign, with bets on the election outcome exceeding $3 billion. In the spring of 2025, users also made predictions on the new pope. Since July, the platform has been offering bets on the 2028 US presidential election. As of October 7, 2025, current Vice President J.D. Vance is considered the most likely winner, with a 29% prediction.
Polymarket has already attracted the attention of major investors. In 2024, the platform raised approximately $50 million with participation from Peter Thiel's Founders Fund, as well as investment from Vitalik Buterin, co-founder of Ethereum, who noted that prediction markets are one of the promising applications of cryptocurrency. The industry expects large hedge funds to begin using such platforms to hedge risks.
Polymarket's prediction markets are increasingly being discussed outside the crypto industry. In September 2025, the animated series "South Park" dedicated an episode to prediction markets, depicting children's fascination with betting on absurd events. Ironically, bets on the very mention of the service appeared on Polymarket, and most participants were unable to predict the outcome.
In August, Donald Trump Jr. joined Polymarket's advisory board. His venture capital firm, 1789 Capital, has become an investor in the platform. Trump Jr. previously advised Polymarket's competitor, the crypto forecast marketplace Kalshi.
This NYSE investment demonstrates the growing interest of traditional financial players in forecasting platforms and cryptocurrency instruments, paving the way for the further development of the betting market and its integration into the official US financial system.
