Polymarket CEO Shayne Coplan has disclosed two previously unannounced funding rounds from the past two years, totaling $205 million: a $55 million round in 2024 led by Blockchain Capital at a $350 million valuation, and a $150 million round in 2025 led by Founders Fund at a $1.2 billion valuation.
Coplan said the later round also included investors such as Ribbit, Valor, Point72 Ventures, SV Angel, 1789, 1confirmation, Coinbase, and Dragonfly, alongside several high-profile angels. These bring Polymarket’s total prior funding (including earlier disclosed rounds, such as a $4 million seed round in 2020 and $70 million in May 2024) to around $279 million before the ICE deal.
The revelation follows an agreement with NYSE parent firm Intercontinental Exchange to invest up to $2 billion in Polymarket, a deal that would value the company at $9 billion post-money. According to ICE’s statement on its stake, the prediction market had a roughly $8 billion pre-investment valuation as well.
Polymarket, founded in 2020, operates a crypto-native prediction venue where users trade yes/no outcomes across a wide range of topics, including politics, markets, and culture. The partnership makes ICE a global distributor of Polymarket’s event-driven data and outlines future tokenization work between the companies as well.
“Shayne Coplan has assembled a team at Polymarket to create a user-driven company relentlessly focused on product, building usage and distribution,” Jeffrey C. Sprecher, ICE chair and CEO, said. He added that “there are opportunities across markets which ICE, together with Polymarket, can uniquely serve.”
The ICE deal was shared amid rising institutional interest in event-based trading. Last month, Polymarket hit a new all-time high for markets created on the platform. It also caps a period in which the firm has weighed new financing on the back of growing competition from regulated rival Kalshi and planned U.S. re-entry.
© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Trade Crypto On Coinhub Exchange
Trade Crypto On Coinhub Exchange
Stay ahead of the market by turning news insights into trading opportunities. With Coinhub Exchange, you can seamlessly buy, sell, and manage your digital assets, all in one secure platform. Take advantage of real-time market insights, deep liquidity, and fast execution for your favorite cryptocurrencies. Don’t just read about it — trade crypto now!
Disclaimer
The content of this article shown by Coinhub News, powered by The Block, is for informational purposes only and should not be construed as financial, legal, tax, or investment advice. Coinhub News and its affiliates are not a licensed financial advisor, legal advisor, broker, or tax advisor, and ... should not be considered as professional advice or a recommendation to engage in any specific investment, legal decision, or financial transaction. Cryptocurrency markets are highly speculative and volatile. Readers should perform their own independent research and consult with a qualified professional before making any financial or legal decisions. The opinions expressed in this article are those of the author and do not necessarily represent the views or opinions of the Company of its affiliates. Additionally, the Company does not make any representations or warranties regarding the accuracy, timeliness, reliability, or completeness of any information in this article. By accessing this content, you acknowledge that any reliance on the information contained in this article is solely at your own risk. The Company is not responsible for any financial losses, legal disputes, or other damages that may arise from reliance on this content or from any investment or legal decisions based on the information provided. Investing in cryptocurrencies involves substantial risks, including the risk of losing your entire investment, and you should carefully consider whether it is appropriate for your circumstances.
Read more
