Intercontinental Exchange Inc. (NYSE: ICE) announced it has completed a $600 million direct cash investment in Polymarket as part of an equity capital fundraising by the prediction market platform.

The investment represents the second phase of ICE's funding arrangement with Polymarket. In October 2025, ICE made an initial $1 billion direct investment in the company. ICE also expects to purchase up to $40 million of Polymarket securities from existing holders.

With the completion of this additional investment and the anticipated secondary purchases, ICE will have fulfilled its obligations under its investment arrangement with Polymarket, according to the company's statement.

ICE stated that its investments in Polymarket are not expected to materially impact the company's financial results or capital return plans. The company said certain terms of the investment, including the valuation of the current funding round, will be disclosed following the completion of Polymarket's fundraising.

The total value of ICE's investment commitment to Polymarket reaches approximately $1.64 billion when combining the initial investment, current funding, and planned secondary purchases.

ICE operates digital networks connecting participants in financial markets and provides technology and data services across major asset classes. The company owns and operates exchanges including the New York Stock Exchange and clearing houses for futures, equity, and options markets.