Polymarket reveals $205 million in funding ahead of ICE's billion-dollar investment
- Polymarket raised $205 million in previous rounds
- ICE invests US$2 billion and values the company at US$9 billion
- Platform tokenizes data and expands event-based trading
Polymarket, a blockchain-based prediction platform, announced it raised $205 million in two funding rounds before closing a recent $2 billion deal with Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange (NYSE). The announcement was made by Shayne Coplan, the company's CEO, who detailed the fundraising for 2024 and 2025.
Also, I'd like to share the prior two rounds which were never announced.
Earlier this year, Founders Fund led a $150m round into Polymarket, valuing us at $1.2b. Also in this round was Ribbit, Valor, Point72 Ventures, SV Angel, 1789, 1confirmation, Blockchain Capital, Coinbase,…
— Shayne Coplan 🦅 (@shayne_coplan) October 7, 2025
According to Coplan, the first round, completed in 2024, raised $55 million led by Blockchain Capital, valuing the company at $350 million. The second round, completed in early 2025, was led by Founders Fund and resulted in a $1,2 billion valuation, with participation from investors such as Ribbit, Valor, Point72 Ventures, SV Angel, 1789, 1confirmation, Coinbase, and Dragonfly. This brings Polymarket's total funding to $279 million before ICE's strategic investment.
The new deal with ICE raises Polymarket's post-investment valuation to $9 billion, solidifying its position as one of the industry's largest forecasting platforms. According to a statement, the investment also includes a partnership for data tokenization and global distribution of Polymarket's event-based markets, marking a significant step forward in the integration of traditional financial infrastructure and blockchain technology.
“Shayne Coplan assembled a team at Polymarket to create a user-driven company, relentlessly focused on product, usage building, and distribution,”
said Jeffrey C. Sprecher, president and CEO of ICE. He added:
“There are opportunities in several markets that ICE, together with Polymarket, can uniquely serve.”
Founded in 2020, Polymarket allows users to trade yes/no outcomes on topics such as politics, economics, and culture, using cryptocurrencies as the settlement method. The billion-dollar investment comes amid growing institutional interest in event-based trading, as the company seeks to expand its global presence and strengthen its competitiveness against regulated rivals like Kalshi.
The platform recently recorded an all-time high in created markets, further boosting its role as a benchmark in tokenizing decentralized data and predictions.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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