ICE invests up to $2 billion in prediction market platform Polymarket

ATLANTA/NEW YORK - Intercontinental Exchange, Inc. (NYSE:ICE), a $91 billion market cap exchange operator with a track record of 13 consecutive years of dividend payments, announced Tuesday it will invest up to $2 billion in prediction market platform Polymarket, valuing the company at approximately $8 billion pre-investment. According to InvestingPro data, ICE maintains a FAIR financial health score, reflecting its solid market position.

As part of the agreement, ICE will become a global distributor of Polymarket’s event-driven data, providing institutional investors with sentiment indicators on market-relevant topics. The companies also plan to partner on future tokenization initiatives. ICE approaches this partnership from a position of strength, with revenue growth of nearly 10% over the last twelve months and a healthy dividend yield of 1.21%.

"Our investment blends ICE, the owner of the New York Stock Exchange, which was founded in 1792, with a forward-thinking, revolutionary company pioneering change within the Decentralized Finance space," said Jeffrey C. Sprecher, ICE Chair & Chief Executive Officer, in a press release statement.

Polymarket, founded in 2020 by Shayne Coplan, allows users to express views on events by buying and selling shares of potential outcomes through peer-to-peer smart contracts. The platform has gained recognition for its market accuracy and serves as the Official Prediction Market Partner for X and Stocktwits.

"Our partnership with ICE marks a major step in bringing prediction markets into the financial mainstream," said Coplan.

The investment will be made in cash and is not expected to materially impact ICE’s 2025 financial results or planned capital returns, according to the company. ICE plans to discuss the strategic investment further during its third quarter earnings call scheduled for October 30, 2025. With analyst targets ranging from $170 to $225 per share, investors can access detailed analysis and additional insights through InvestingPro’s comprehensive research reports, which cover over 1,400 US stocks including ICE.

Polymarket has facilitated billions of dollars in predictions across politics, current events, and pop culture in 2025, according to information provided in the announcement.

In other recent news, Intercontinental Exchange (ICE) has reported record open interest across its futures markets for September 2025, with a 15% increase year-over-year, reaching 56.9 million lots. Energy open interest specifically rose 8% from the previous year, hitting a record 41.0 million lots. In a separate development, ICE is reportedly in talks to invest $2 billion in Polymarket, which could value the crypto-based prediction market between $8 billion and $10 billion. The potential agreement is still being finalized. Additionally, ICE announced the election of The Rt. Hon. the Lord Hill of Oareford CBE to its Board of Directors, expanding the board from 10 to 11 members. Furthermore, OTC Markets Group has extended its data reach via the ICE Consolidated Feed, allowing its trading data to be accessed in a standardized, low-latency environment. This integration is particularly beneficial for users in Asian markets. In August 2025, ICE also reported a 13% year-over-year increase in total open interest, reaching a record 106.1 million lots, with notable growth in oil-related contracts.

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