Before its multi-billion dollar partnership with Intercontinental Exchange (ICE), prediction market platform Polymarket secured significant funding through two undisclosed investment rounds. The first, led by Blockchain Capital in 2024, raised $55 million at a $350 million valuation. A year later, Founders Fund spearheaded another $150 million raise that propelled Polymarket’s valuation past $1.2 billion. This second round attracted prominent investors from the likes of Ribbit Capital and Valor to Coinbase, Dragonfly, and 1789 Capital, among others. Prior to ICE’s investment, Polymarket had already secured a whopping $279 million. 2023’s announcement of a new partnership with ICE brought an additional $2 billion, pushing the company’s valuation to approximately $9 billion, making it one of the most valuable players in decentralized finance (DeFi). The collaboration will focus on event-driven data distribution and exploring tokenized projects that integrate prediction markets with traditional finance. 2020’s founding saw Polymarket launch, allowing users to predict real-world events like elections or macroeconomic trends. Their success has been fueled by the growing interest in event-based trading among Wall Street giants, now eager to establish their presence within this area. This partnership marks a pivotal moment for Polymarket as it navigates regulatory hurdles and establishes itself as a leading platform bridging crypto speculation with institutional infrastructure.