ICE weighs joining Polymarket’s new funding round

Intercontinental Exchange, the parent of the New York Stock Exchange, is considering joining a new fundraising round for prediction market platform Polymarket, Bloomberg reported. In an interview with Bloomberg, ICE CEO Jeff Sprecher said the company’s investment in Polymarket has continued not as a venture bet but to build expertise and exchange information. ICE made two investments in Polymarket through March, expanding its stake to $1.64 billion, while Polymarket is seeking additional funding at a valuation of more than $20 billion. Sprecher added ICE is not considering adopting perpetual futures platforms such as Hyperliquid (HYPE).