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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.
Shayne Coplan was born in 1998 and raised on the Upper West Side of New York City. [1] [3] He attended public schools in Hell's Kitchen. [1]Coplan studied computer science at New York University but left before completing his degree to pursue interests in cryptocurrencies and prediction markets.
The predictions market Kalshi successfully sued the Commodity Futures Trading Commission, which might appeal the ruling. Polymarket likely to remain offshore for now despite ruling in favor of U.S ...
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 ...
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 ...
Done Encoded Talk 💬 07:22, 1 May 2024 (UTC) []. 2. Please add a sentence to become the new third sentence in the Lead paragraph: Polymarket is a prediction market platform built on the Ethereum blockchain.
The FBI searched the New York City home of Polymarket founder Shayne Coplan as part of a criminal investigation into the election betting platform, law enforcement sources told ABC News. The ...
The FBI has raided the home of Polymarket chief executive Shayne Coplan as part of an investigation into the crypto betting platform.. Federal law enforcement agents seized the 26-year-old CEO’s ...