Morning Minute: Polymarket Raises $2B at $9B Valuation from NYSE Parent

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RegExp("[?&]notifications=1(&|#|$)");"desktop"===y&&i&&b.test(window.location.search)&&(i.checked=!0)};ge("ybar-mod-notification",(function(e){var t={isUH3:"crunch"===e.getConfig().ytheme,notifContainer:document.getElementById("notification-container"),notifBadge:document.getElementById("notif-badge"),notifMenu:document.getElementById("ybarNotificationMenu"),notifMenuOpener:document.querySelector("#ybarNotificationMenu + label"),notifDropdown:document.getElementById("notifDropdownContainer"),tooltipContainer:document.querySelector(".".concat($n)),notifLabel:document.querySelector(".".concat(Xn))};t.notifDropdown&&so(e,t)}))}()}};]]>Tyler WarnerWed, October 8, 2025 at 2:33 PM GMT+2 5 min readMorning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. Subscribe to the Morning Minute on Substack.GM!Today’s top news:Crypto majors fall after recent rally; BTC at $123,000Gold makes new ATH at $4,070 up 50% on yearMonad’s MON token debuts pre-market at $15B FDVPolymarket raises $2B at $9B from NYSE parent, gains massive distributionS&P set to unveil new index featuring 35 stocks and 15 digital assetsOver $489M in Crypto Longs Liquidated as Bitcoin, Ethereum Extend LossesIt looks like the recent raise rumors for Polymarket were true.And they came with an even more bullish twist for the leading prediction market.The New York Stock Exchange’s parent, Intercontinental Exchange (ICE), will invest up to $2B in Polymarket at a $9B valuation.And arguably more importantly, become the global distributor of its event-market data.Polymarket Valued at $9 Billion After NYSE Owner Invests $2B in Prediction MarketICE said it will take a stake valuing Polymarket around $8–9B and pipe Polymarket’s event-driven data to institutions worldwide, with collaboration on tokenization also on the table.The deal lands as Polymarket readies a regulated U.S. relaunch via its acquisition of QCX/QC Clearing and a CFTC no-action letter that clears near-term listing mechanics.“We are excited to announce that Intercontinental Exchange (ICE) — the parent company of NYSE, is making a $2b strategic investment at a $9b post-money valuation. Together, we’re building the next evolution of markets.” - Polymarket on X“Our partnership with ICE marks a major step in bringing prediction markets into the financial mainstream. But in addition to that, it’s a monumental step forward for DeFi. ICE is the one remaining founder-led exchange company, and Jeff is all-in on utilizing his assets, including NYSE, to usher in a new financial era of tokenization. We’re humbled to be working together on this endeavor. ICE will also begin distributing Polymarket data to thousands of financial institutions around the world. There is so much to build when you combine the force of ICE’s institutional scale and credibility with Polymarket’s consumer + cultural savvy and distribution.” - Shayne Coplan on X“The polymarket story is interesting because it forces you to believe in something. It is probably the first time (after stables) that we see a primitive break through to the mainstream and define a new market category.” - X user Joel JohnTerms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P Futures6,787.00 +7.75 (+0.11%)Dow Futures46,642.00 +49.00 (+0.11%)Nasdaq Futures25,324.75 +35.50 (+0.14%)Russell 2000 Futures2,489.10 +5.90 (+0.24%)VIX16.43 +0.13 (+0.80%)Gold4,008.10 +35.50 (+0.89%)PortfolioSign in to access your portfolioSign inTop gainersGGAL Grupo Financiero Galicia S.A. 34.50 +6.14 (+21.65%)PATH UiPath Inc. 18.51 +2.93 (+18.81%)BMA Banco Macro S.A. 51.54 +7.66 (+17.46%)BBAR Banco BBVA Argentina S.A. 9.73 +1.41 (+16.95%)AKRO Akero Therapeutics, Inc. 54.08 +7.59 (+16.33%)Top losersRACE Ferrari N.V. 407.38 -71.83 (-14.99%)ODD Oddity Tech Ltd. 51.63 -6.55 (-11.26%)NEU NewMarket Corporation 779.20 -93.89 (-10.75%)CC The Chemours Company 13.74 -1.30 (-8.64%)EXK Endeavour Silver Corp. 7.59 -0.68 (-8.22%)Most activeTLRY Tilray Brands, Inc. 2.1000 +0.3800 (+22.09%)NVDA NVIDIA Corporation 192.57 +3.46 (+1.83%)PLUG Plug Power Inc. 3.7800 +0.1250 (+3.42%)BBAI BigBear.ai Holdings, Inc. 7.49 +0.20 (+2.74%)RGTI Rigetti Computing, Inc. 47.11 +3.88 (+8.98%)Earnings eventsMy earnings eventsEarnings eventsTrending tickersAPLD Applied Digital Corporation 29.29 +1.35 (+4.83%)RACE Ferrari N.V. 407.38 -71.83 (-14.99%)TLRY Tilray Brands, Inc. 2.1000 +0.3800 (+22.09%)NUAI New Era Energy & Digital, Inc. 2.8300 +1.2900 (+83.77%)LAES SEALSQ Corp 6.09 +1.73 (+39.68%)Top economic events