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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.
“Little did I know Polymarket was going to change the world.” 2020, running out of money, solo founder, HQ in my makeshift bathroom office. little did I know Polymarket was going to change the ...
Hadick was nonplussed, citing Polymarket’s massive lead over Kalshi and the popularity of its markets outside the U.S., though we did speak before the raid. “What’s clear in my mind is that ...
The defiant response so far by Coplan and Polymarket may reflect—appropriately enough—a wager that regulators will stand down in reaction to Polymarket’s popularity with the incoming ...
Now people are betting on whether there’ll be a government shutdown, and Polymarket puts the odds of it happening at 61% at the moment, but it’s swinging rapidly. Odds spiked as high as 75% ...
The 2022 settlement with the Commodity Futures Trading Commission required Polymarket to pay a $1.4 million penalty for operating an illegal unregistered "event markets" that allowed users to bet ...
Using several different accounts on Polymarket, Théo racked up his massive Trump wager through a series of small transactions which he said was to help prevent the price of his bets from rising ...