2 billion in funding, 1.3 million traders—Polymarket is making history
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2 billion in funding, 1.3 million traders—Polymarket is making history
This is one of the highest funding amounts raised by a project in the crypto space in recent years.
Navigating Web3 tides with focused insightsAuthor: 1912212.eth, Foresight News
A recent massive funding round has sent shockwaves across the entire crypto industry. Polymarket confirmed that Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange (NYSE), will make a strategic investment of $2 billion, valuing the company at $9 billion post-investment. This is one of the largest financings ever received by a crypto project in recent years, and its near-$10-billion valuation has placed prediction markets firmly in the spotlight.
Intercontinental Exchange (ICE): The World's Fourth-Largest Exchange Group
Intercontinental Exchange (ICE) is a global leader in financial infrastructure and data services, and the parent company of the New York Stock Exchange (NYSE). Founded in May 2000 by Jeffrey C. Sprecher in Atlanta, USA, ICE initially focused on electronic trading of energy derivatives. In 2007, it acquired the New York Board of Trade (NYBOT), expanding into agricultural and metal futures.
In 2013, ICE acquired NYSE Euronext for $8.2 billion, gaining ownership of the New York Stock Exchange and extending its business into equities and options trading, becoming the world’s first exchange group to simultaneously control both commodity and stock trading.
ICE has a broad global footprint, operating 14 exchanges worldwide—including ICE Futures Europe (London), ICE Futures U.S. (New York), and ICE Futures Singapore—covering energy, agriculture, metals, and other commodities markets. It also participates in equities and index futures through NYSE and Liffe. Additionally, it provides clearing, data services, and mortgage-related services.
To date, ICE has a market capitalization exceeding $50 billion, ranking it as the fourth-largest exchange group globally.
Polymarket Returns to the United States
According to Decrypt, prediction market platform Polymarket is set to reopen to U.S. users, ending a de facto ban imposed nearly four years ago by the U.S. Commodity Futures Trading Commission (CFTC).
Polymarket previously acquired QCX LLC, a CFTC-licensed trading platform, for $112 million and has begun self-certifying event contracts including sports events and elections.
Crypto markets have become a significant part of the global financial system. As a leading global financial infrastructure provider, ICE’s investment in Polymarket marks a major step into the crypto-based prediction market space.
ICE can leverage its traditional financial market expertise and resources to drive deeper integration between prediction markets and blockchain technology, opening new business areas and revenue streams.
Over One Million Traders, Total Trading Volume Exceeds $18.9 Billion
Since gaining widespread attention during last year’s U.S. presidential election, Polymarket has seen dramatic growth in both capital and user numbers. Although interest has since cooled slightly, trading volume remains strong.
Latest data from tokentermina shows its total trading volume has reached $18.9 billion, far surpassing rival Kalshi.
Its TVL has risen to $169.2 million, with the past 30 days’ trading volume reaching $1.5 billion, a 42.2% increase.
Monthly active users have also surged significantly. Current active users stand at 263,800, up 26.8% month-on-month.
According to the latest data from Polymarketanalytics, the platform has 1,349,740 total traders and 46,995 prediction markets. While Polymarket leads significantly in total trading volume, it lags behind Kalshi in total markets and total open interest.
Rumors of Token Launch
Shortly after the 2024 U.S. presidential election, Polymarket hinted at potential token airdrops on its website in an effort to retain capital and users.
Data from the SEC EDGAR database shows that Blockratize Inc., Polymarket’s operating entity, filed a Form D with the SEC on August 1, 2025, referencing "other warrants or rights." Such language is often interpreted as a signal of future token issuance.
Due to the unclear legal status of tokens in the U.S., companies typically cannot explicitly mention token plans in SEC filings. Instead, terms like “warrants” are used to reserve the right for investors to receive tokens in the future—a common practice in the crypto industry when conducting traditional equity fundraising.
On October 8, Polymarket founder Shayne Coplan retweeted a post listing the token symbol POLY after BTC, ETH, BNB, and SOL, suggesting the platform’s token may be named POLY. However, the exact launch timing remains unknown.
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