New York Stock Exchange Owner Nears $2B Stake in Polymarket: WSJ

The concern could assistance Polymarket instrumentality to the U.S. market, aft it was unopen disconnected to U.S. users successful 2022 pursuing a colony with the CFTC.

Oct 7, 2025, 10:43 a.m.

Intercontinental Exchange (ICE), the proprietor of the New York Stock Exchange, is adjacent to investing $2 cardinal successful crypto-powered prediction marketplace Polymarket, the WSJ reports.

The deal, which could beryllium announced arsenic aboriginal arsenic Tuesday, would worth the level astatine arsenic overmuch arsenic $10 billion. ICE’s concern could lend regulatory credibility to Polymarket’s efforts to instrumentality to the U.S. market.

Founded successful 2020, Polymarket lets users spot bets connected aboriginal events, including politics, economics, companies’ performances, and sports. While fashionable abroad, the level has been off-limits to U.S. users since a 2022 colony with the Commodity Futures Trading Commission.

Earlier this year, Polymarket acquired a licensed speech and clearing location to assistance easiness its reentry. It has besides strengthened governmental ties. Donald Trump Jr. joined its advisory committee successful August, and his task steadfast became an investor.

Polymarket, according to DeFiLlama data, saw $1.5 cardinal successful measurement past period and has $164 cardinal successful full worth locked. The company, according to TheTie data, has raised a full of $300 cardinal successful superior to day from investors that see Peter Thiel's task superior firm, Founders Fund.

Rival level Kalshi has seen rising measurement implicit the past fewer months, and implicit the summertime raised $185 cardinal astatine a $2 cardinal valuation.

Fasset Wins Malaysia License to Launch First Stablecoin-Based Islamic Digital Bank

Approval lets Fasset connection full-service, Shariah-compliant integer banking backed by stablecoins