Intercontinental Exchange announces $600M investment in Polymarket

Intercontinental Exchange announced that, as part of its previously announced investment arrangement with Polymarket, ICE has completed a new $600M direct cash investment in Polymarket, which is part of an equity capital fundraising by Polymarket. ICE also expects to make purchases of up to $40M of Polymarket securities from certain existing holders. In October 2025, ICE made an initial direct investment in Polymarket of $1B, and with today’s additional direct investment and the anticipated additional purchases of Polymarket securities, ICE will have completed its obligations under its investment arrangement with Polymarket. ICE’s investments in Polymarket are not expected to have a material impact on ICE’s financial results or expected capital return plans. Certain terms of ICE’s investment in Polymarket, including the valuation of today’s investment, are expected to be disclosed following the completion of Polymarket’s fundraising.