NYSE owner Intercontinental Exchange invested $600 million in Polymarket

Intercontinental Exchange, owner of the New York Stock Exchange, has completed a $600 million direct investment in Polymarket, the leading prediction market platform, the company announced Friday.

This funding is part of a previously announced investment plan and comes after ICE made an initial investment of $1 billion in Polymarket. ICE may purchase up to $40 million of existing securities in fulfillment of its commitments under the original arrangement.

ICE announced last October that it would invest up to $2 billion in Polymarket, valuing the platform at $8 billion in pre-investment at the time. In addition to financial support, the exchange is a global distributor of Polymarket's event-based data and collaborates on tokenization projects.

The Wall Street powerhouse is accelerating its push into tokenized securities.

The NYSE on Tuesday announced a partnership with Securities to help build infrastructure for tokenized securities. Securitize will serve as the first digital transfer agent for the NYSE's upcoming platform, issuing blockchain-based stocks and ETFs.

The 24/7 platform is designed to modernize trading by improving efficiency, reducing risks and increasing tokenization while maintaining investor protection and market integrity.