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IntercontinentalExchange nears deal for $2B stake in Polymarket, WSJ reports

Intercontinental Exchange is nearing a $2B investment in Polymarket, potentially valuing the prediction market at $8B-$10B, The Wall Street Journal’s Lauren Thomas and Alexander Osipovich report, citing people familiar with the matter. Polymarket, founded in 2020, attracted over $2B in trading volume for its 2024 presidential election markets, and while it has been banned for U.S. users since 2022, it is working to re-establish a U.S. presence under the Trump administration, the report notes. The deal could come as soon as Tuesday.

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