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Prediction market whose route back into the United States was bought rather than granted, through a $112m acquisition that gave it a designated contract market; contract prices on future events are readable as implied probabilities.
Prediction market founded in 2020 by Shayne Coplan, on which users trade contracts on the outcome of future events against each other rather than against the house, so contract prices are readable as implied probabilities. Its route back into the United States was bought rather than granted: it acquired QCX, LLC and QC Clearing LLC for $112m, closing on 21 July 2025, and now runs Polymarket US as a Commodity Futures Trading Commission designated contract market with an affiliated clearing organisation, after a January 2022 CFTC order fined it $1.4m for operating an unregistered swap execution facility. Intercontinental Exchange, owner of the New York Stock Exchange, said on 7 October 2025 it would invest up to $2bn at a pre-money valuation of about $8bn and become a global distributor of Polymarket's event data to its own subscribers. Users placed roughly $6bn of predictions in the first half of 2025, which makes the platform a price source for event risk that has no equivalent in listed derivatives.
Developments in which Polymarket is a named party, newest first.
The Commodity Futures Trading Commission approved a notice of proposed rulemaking on prediction markets, published in the Federal Register on 12 June 2026, setting out when event contracts on enumerated activities are contrary to the public interest. The…
Intercontinental Exchange announced an additional $600m investment in Polymarket on 27 March 2026, adding to its earlier stake in the prediction-market platform. Separately the…
Intercontinental Exchange agreed to invest up to $2bn in cash in Polymarket at a pre-investment valuation of about $8bn, and to distribute the prediction market's event data to institutional customers. The two companies said they also planned to work together on tokenisation.
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