Polymarket Secures Strategic Investment from NYSE Parent Intercontinental Exchange

Polymarket, the world's largest prediction and information marketplace, has raised a strategic investment from Intercontinental Exchange, Inc. (NYSE: ICE) - the parent company of the New York Stock Exchange. Under the terms of the agreement, ICE will invest up to $2 billion in Polymarket at a $9 billion post-money valuation.

THE COMPANY

Polymarket is the world's largest prediction platform, allowing users to trade on the outcomes of future events and earn when their forecasts prove correct. As traders respond to breaking developments in real time, Polymarket's market prices offer one of the most accurate barometers of public expectations. Institutions, media outlets, and individuals alike use its insights to understand and report on what's ahead. In 2025 alone, billions of dollars in predictions have been made across categories spanning elections, current events, business, and pop culture.

Orrick advised Polymarket in connection with the transaction.

THE IMPACT

Founded in 2020 by Shayne Coplan, Polymarket has built a global following among users eager to engage with real-world events through markets. Its reputation for precision and transparency has made it a go-to source for gauging public sentiment. The company also serves as the Official Prediction Market Partner of X and Stocktwits, among other platforms.

CNBC, The Wall Street Journal, Bloomberg, Axios and other media outlets reported on this latest investment.

THE TEAM

The Orrick deal team advising Polymarket was led by partners John Bautista and John Harrison, and of counsel Ryan Selis, with support from partner Craig Falls, of counsels Kristin Petersen, James Wigginton and Jake Wyrick, managing associate Vinny Mei, and analyst Andrew Barlow.

Additional invaluable support was provided by Ignacio Sandoval (FFA), Joseph Perkins, Scott Porter and Julien Barbey (TCG), Jeanine McGuinness, Ben Hutten and Greg Hume (International Trade and Investment), Tim Greene and Taylor Ranfos (Technology Transactions), Michael Yang and Sharon Zhou (Compensation and Benefits), Shannon Yavorsky (Cyber, Privacy and Data Innovation), Steve Malvey (Tax), Richard Vernon Smith (MAPE), Ben Schnier of the Orrick Analytics team, and Debbie Abernathy and Lauren Hoops of the Filings team.

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