Intercontinental Exchange (ICE) is in advanced talks to acquire a $2 billion stake in Polymarket, a crypto-based prediction platform, potentially valuing the firm at $8-10 billion. ICE’s interest shows a push into the crypto and prediction market sectors, reflecting a deeper interest in blockchain financial technologies. Polymarket allows users to trade on real-world outcomes, with a potential $10 billion valuation, a tenfold increase from June 2025.

Following regulatory clearance, Polymarket’s U.S. relaunch has hit a roadblock due to the government shutdown freezing key CFTC functions. Historically, the commission has suspended self-certifications during shutdowns, posing uncertainty for Polymarket’s launch. Acting CFTC Chair Caroline Pham may alter the course, but with limited capacity and furloughed staff, challenges remain for Polymarket.

QCEX, Polymarket’s DCM, submitted filings for new market types on October 1, but the shutdown has left filings unprocessed. Polymarket’s U.S. comeback faces delays, giving rival Kalshi an opportunity to consolidate market share. Despite past investigations and momentum towards launch, the shutdown may indefinitely stall Polymarket’s American relaunch, reflected in its own prediction markets.

Read more at Yahoo Finance: NYSE Owner Eyes Massive $2B Stake in Polymarket; Is a $10B Valuation Imminent?