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Founded in 2020 by Shayne Coplan, [3] Polymarket is a prediction market that allows users to gain/lose on the outcome of world events. [4] In January 2022, Polymarket was fined US$1.4 million by the Commodity Futures Trading Commission (CFTC), and received a cease and desist order for regulatory violations, including failure to register as a Swap Execution Facility.
Four accounts owned by one French national have poured $35 million into the prediction market, and they’re all betting on Donald Trump to win the 2024 election.
Since Coplan, 26, founded the crypto-based prediction market platform, Polymarket has raised $70 million, and in September reportedly sought to raise an additional $50 million among the election ...
The race that Donald Trump ultimately ran away with was deemed neck and neck for days — unless you looked at the prediction markets. Election betting on Kalshi and Polymarket had been favoring ...
Even before the raid, I was curious about the future of prediction markets, especially from a venture perspective. Platforms like Polymarket and Kalshi have been showered with venture capital from ...
Coplan’s site—which is a prediction market that invites users to bet money on a given outcome—foreshadowed major developments in the election. Those include Polymarket predicting President ...
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