ICE filing details $2.0 billion Polymarket investment and ownership split
PR Newswire reports Intercontinental Exchange, owner of the New York Stock Exchange, said in its third-quarter filing that the carrying value of its Series D and E preferred stock investments in Polymarket was approximately 2.0 billion dollars as of September 30, representing about 22 percent of Polymarket's outstanding shares and 14 percent on a fully diluted basis. ICE also completed a tender offer in April for approximately 0.4 million Polymarket common shares for 40 million dollars.
Intercontinental Exchange, owner of the New York Stock Exchange, disclosed an approximately $2.0 billion carrying value for its Polymarket investments in its third-quarter filing, according to PR Newswire.
Preferred holdings and ownership
The carrying value covered ICE’s Series D and E preferred stock investments as of September 30. Those investments represented about 22 percent of Polymarket’s outstanding shares, according to PR Newswire.
On a fully diluted basis, the ownership figure was 14 percent. The two percentages describe the position using different share-count bases, a distinction that matters when assessing ICE’s stake.
Common-share purchase
ICE also completed a tender offer in April, purchasing approximately 0.4 million Polymarket common shares for $40 million, according to PR Newswire. That transaction involved common stock, whereas the approximately $2.0 billion carrying value was disclosed for the preferred stock investments.
What it means for prediction markets
- ICE’s disclosure gives prediction-market readers a concrete measure of its financial exposure to Polymarket: approximately $2.0 billion in preferred stock carrying value as of September 30.
- The about 22 percent outstanding-share figure and 14 percent fully diluted figure should remain distinct when describing ownership.
- The carrying value is a measure of ICE’s investment position, not a disclosed valuation of Polymarket as a whole.
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