TLDR
- Polymarket CEO Shayne Coplan, age 27, became the world’s youngest self-made billionaire after ICE valued the company at $8 billion
- Intercontinental Exchange (ICE), owner of the New York Stock Exchange, plans to invest up to $2 billion in Polymarket
- Coplan posted a cryptic message suggesting a possible POLY token launch, listing it alongside major cryptocurrencies like Bitcoin and Ethereum
- Polymarket acquired QCEX, a CFTC-licensed exchange, in July allowing legal U.S. operations after previous regulatory issues
- The prediction market platform has processed nearly $19 billion in trading volume and previously raised $205 million across two funding rounds
Polymarket founder Shayne Coplan has reached billionaire status at age 27 following a major investment announcement. The Bloomberg Billionaires Index confirmed his position as the world’s youngest self-made billionaire.
Polymarket CEO Shayne Coplan is now the youngest self-made billionaire after the Intercontinental Exchange, the owner of the NYSE, said this week it would invest as much as $2 billion in Polymarket at an $8 billion pre-money valuation. @LamoneyTom reports https://t.co/hvc47kWR3H pic.twitter.com/MtukXSgf7f
— Bloomberg TV (@BloombergTV) October 8, 2025
Intercontinental Exchange announced plans to invest up to $2 billion in Polymarket. The deal values the prediction market platform at $8 billion pre-money. ICE owns the New York Stock Exchange.
Coplan launched Polymarket in June 2020 after studying prediction markets for a year. The platform allows users to bet on real-world events using cryptocurrency. Events include elections, sports outcomes, and economic indicators.
We are excited to announce that Intercontinental Exchange (ICE) — the parent company of @NYSE, is making a $2b strategic investment at a $9b post-money valuation.
Together, we’re building the next evolution of markets.
A special thank you to all those who have supported us… pic.twitter.com/y7Z3koj3IU
— Polymarket (@Polymarket) October 7, 2025
The company processed more than $3 billion in bets during the 2024 U.S. presidential election. This period marked Polymarket’s breakthrough into mainstream attention. The platform now shows nearly $19 billion in total trading volume according to DeFiLlama data.
Coplan recently revealed previous funding rounds that were not publicly announced. Founders Fund led a $150 million investment earlier in 2025 at a $1.2 billion valuation. The round included Ribbit, Valor, Point72 Ventures, and Coinbase.
Blockchain Capital led an earlier $55 million funding round before the 2024 election. The two rounds combined total $205 million in investment before the ICE deal.
Regulatory Journey and U.S. Market Entry
Polymarket faced regulatory challenges in its early years. The company paid a $1.4 million penalty to the CFTC in 2022 over allegations of illegal trading. Polymarket blocked U.S. users following the settlement.
FBI agents raided Coplan’s apartment one week after the 2024 election. The Justice Department dropped its investigation in July. The CFTC also ended its civil investigation at that time.
Polymarket acquired QCEX in July, a CFTC-licensed exchange and clearinghouse. This purchase gave the company legal authorization to operate in the United States. The move resolved the platform’s regulatory issues.
Potential Token Launch
Coplan posted a cryptic message on X that sparked speculation about a token launch. He wrote “$BTC, $ETH, $BNB, $SOL, $POLY” with a thinking emoji. The post placed the hypothetical POLY token alongside major cryptocurrencies.
Coplan did not provide details about timing or purpose for a POLY token. If launched, the token could serve multiple functions on the platform. Possible uses include holder rewards, governance voting, or liquidity incentives.
The prediction market sector is drawing increased attention from competitors. Kalshi began offering bets through a partnership with Robinhood Markets earlier this year. Polymarket’s platform uses blockchain technology for transparent, decentralized betting on future events.
The CFTC cleared Polymarket to operate in U.S. markets following the QCEX acquisition. The platform manages contracts for betting on real-life events through its decentralized system.
