Polymarket’s explosive growth is proving to be one of crypto’s most remarkable success stories.
Long before its multi-billion-dollar partnership with the New York Stock Exchange’s parent company, Intercontinental Exchange (ICE), the prediction-market platform had already secured a quiet fortune in funding.
CEO Shayne Coplan recently disclosed two previously unknown investment rounds that together brought in $205 million over the past two years. The first, led by Blockchain Capital in 2024, raised $55 million at a $350 million valuation. A year later, Founders Fund spearheaded another $150 million raise that pushed Polymarket’s valuation above $1.2 billion.
That second round drew a who’s-who of global investors, from Ribbit Capital and Valor to Point72 Ventures, Coinbase, and Dragonfly, with 1789 Capital and SV Angel also taking part. Including earlier rounds, Polymarket had amassed roughly $279 million before ICE came calling.
The newly announced ICE investment – worth up to $2 billion – catapults the firm’s valuation to around $9 billion, instantly placing it among the most valuable players in decentralized finance. The two companies plan to collaborate on event-driven data distribution and explore tokenization projects that connect prediction markets with traditional finance.
Founded in 2020, Polymarket lets users speculate on real-world outcomes – from political elections to macroeconomic events – and has become a leading venue for on-chain forecasting. Its volumes have surged alongside Wall Street’s growing interest in event-based trading, an area where ICE now appears eager to establish a foothold.
What began as Coplan’s small-scale experiment in market intelligence has turned into a billion-dollar bridge between crypto speculation and institutional infrastructure. With ICE onboard, Polymarket isn’t just surviving regulatory hurdles – it’s redefining what prediction markets can become in the global economy.
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Source: https://coindoo.com/polymarket-unveils-hidden-funding-as-ice-deal-pushes-valuation-to-9-billion/