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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.
Polymarket and Kalshi have been building quietly, and they view elections as their chance to go mainstream. Coplan has said he was running the crypto-based company alone in his bathroom in 2020.
“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 ...
On election night Polymarket’s 26 year old founder was on top of the world. 8 days later the FBI raided his home and his future is in jeopardy
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 ...
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 ...
Polymarket is not just an intriguing new fixture of the U.S. election scene. It is also a hot startup whose $70 million raised so far, including a $45 million funding round in May, comes from ...