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The betting site Polymarket has emerged as a hot topic in the 2024 presidential race. Trump's odds of winning are at 66% there based on bets. National polls generally show the race tied.
A banner atop the “Presidential Election Winner 2024” market suggests we may not ... While the odds of a Trump win have shrunk on some prediction markets, Polymarket shows a 58% chance as of ...
Polymarket, built on the Polygon blockchain, has seen rapid growth this election cycle. Its total value locked (TVL) surged from $9.5 million in stablecoins at the start of the year to $220 million.
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.
In 2024, the latest to join their ranks is Shayne Coplan, a shaggy-haired 26-year-old whose site Polymarket has become a fixture of political news and whose boosters claim it offers the most ...
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 ...