The deal represents the most significant single investment in prediction markets and positions the sector as crypto’s emerging battleground as institutional capital seeks on-chain infrastructure with real-world utility.
ICE is the owner of the New York Stock Exchange and the world’s largest exchange company.
Coplan described the partnership as “a major step in bringing prediction markets into the financial mainstream” and “a monumental step forward for DeFi.”
The announcement also highlighted that ICE founder Jeff Sprecher plans to utilize NYSE infrastructure to advance the tokenization of assets. Additionally, ICE will distribute Polymarket data to thousands of financial institutions globally.
Blockchain Capital also led a $55 million Series A in 2024 at a $350 million valuation.
The approval marks a comeback for the platform, which ceased US operations in 2022 after settling unregistered derivatives charges for $1.4 million.
Kalshi seized market leadership with $2.74 billion in September volume, claiming roughly 64% share, while Polymarket posted 41.4% growth to $1.42 billion.
Haseeb Qureshi, partner at Dragonfly, called the move “a regime change” for prediction markets. He added:
“Polymarket + NYSE is a regime change. $2B investment means there’s a before and after now for prediction markets. We’re not in the kiddie pool anymore. Watch this space.”
Martin, from NYSE, added:
“Through the gold standard of financial infrastructure, we are redefining how modern markets operate.”
ICE’s entry validates prediction markets as institutional-grade infrastructure.
The backing of the world’s largest exchange operator and enthusiasm from established crypto figures suggest prediction markets have crossed from an experimental DeFi vertical to a category poised for mainstream adoption.
