$2 billion in funding, 1.3 million traders, Polymarket is making history
Polymarket's token is named POLY.
The token of Polymarket is named POLY.
Written by: 1912212.eth, Foresight News
Recently, a massive financing round has shaken the entire crypto community. Polymarket confirmed that Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, will make a strategic investment of $2 billion, bringing its post-investment valuation to $9 billion. This is one of the largest financing amounts received by a crypto project in recent years, and its nearly $10 billion valuation has pushed the potential and popularity of prediction markets to center stage.
Intercontinental Exchange (ICE): The World’s Fourth Largest Exchange Group
Intercontinental Exchange (ICE) is a global leader in financial infrastructure and data services, serving as the parent company of the New York Stock Exchange (NYSE). ICE was founded in May 2000 by Jeffrey C. Sprecher in Atlanta, USA, initially focusing 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 expanding its business into equities and options trading, becoming the world’s first exchange group to simultaneously control both commodities and equities trading.
ICE’s global business layout is extensive, operating 14 exchanges worldwide, including ICE Futures Europe (London), ICE Futures U.S. (New York), and ICE Futures Singapore (Singapore), covering energy, agricultural products, metals, and other commodity markets. Through the NYSE and Liffe exchanges, it is also involved in equities and equity index futures, among other diversified trading. In addition, it provides clearing, data services, and mortgage services.
As of now, ICE’s market capitalization exceeds $50 billion, ranking it as the world’s fourth largest exchange group.
Polymarket Returns to the United States
According to Decrypt, the prediction market Polymarket is about to reopen to U.S. users, nearly four years after it was effectively banned by the U.S. Commodity Futures Trading Commission (CFTC).
Polymarket previously acquired the CFTC-licensed trading platform QCX LLC for $112 million and has begun self-certifying event contracts, including those for sports events and election markets.
The crypto market has become an important part of the global financial markets. As a leading global provider of financial infrastructure, ICE’s investment in Polymarket marks an important step for ICE’s entry into the crypto prediction market.
ICE can bring its experience and resources from traditional financial markets into the crypto space, promoting the deep integration of prediction markets and crypto technology, thereby opening up new business areas and revenue streams.
Over One Million Traders, Total Trading Volume Exceeds $18.9 Billion
Since Polymarket gained significant attention during last year’s U.S. presidential election, both its capital and user numbers have surged dramatically. Although its popularity has since declined somewhat, its trading volume has remained at a strong level.
According to the latest data from tokentermina, its total trading volume has risen to $18.9 billion, far ahead of its competitor Kalshi.
Its TVL has risen to $169.2 million, and its trading volume in the past 30 days has reached $1.5 billion, an increase of 42.2%.
Its monthly active users have also seen a significant increase. The current number of active users has reached 263,800, a monthly increase of 26.8%.
According to the latest data from Polymarketanalytics, the total number of traders is 1,349,740, and the number of prediction markets is 46,995. Although Polymarket is far ahead in total trading volume, it lags behind Kalshi in terms of total markets and total open interest.
Token Issuance Rumors
As early as after the 2024 U.S. presidential election, Polymarket, in order to retain capital, hinted on its official website that there might be a future token airdrop.
According to the SEC EDGAR database, Polymarket’s operating entity Blockratize Inc. submitted a Form D document on August 1, 2025, which mentioned other warrants or other rights terms. Such language is often seen as a signal for future token issuance.
Since the legal status of tokens in the U.S. remains unclear, companies usually cannot directly mention token issuance plans in SEC documents, so they use terms like “warrants” to reserve the right for investors to obtain tokens in the future. This has become a common practice in the crypto industry when conducting traditional equity financing.
On October 8, Polymarket founder Shayne Coplan, when retweeting, listed the token symbol POLY after BTC, ETH, BNB, and SOL, hinting that Polymarket’s token name might be POLY. However, the token issuance date remains unknown.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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