New York Stock Exchange owner Intercontinental Exchange says it is investing up to $2 billion in betting platform Polymarket — less than a year after FBI agents roused its founder from bed at his Soho pad.

Tuesday’s deal values Polymarket, which lets users bet on everything from sports results to the length of the government shutdown, at around $8 billion.

The deal marks a marriage of old-guard finance — Intercontinental Exchange is one of the world’s leading exchanger operators, with a market value of more than $90 billion — with a crypto-based upstart. Polymarket was founded by CEO Shayne Coplan in 2020 and won approval to operate in the US just last month after brushes with the law. 4

The platform lets users place bets on virtually any yes-or-no question. Those range from who wi

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