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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.
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.
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.
Meanwhile, Polymarket shows Trump has a 54% chance of winning the presidential election with Harris trailing behind at just a 45.3% chance. ... “Polls tell us how voters feel right now, while ...
Polymarket, by contrast, has become a fixture of political Twitter and, according to Nick Tomaino—whose venture fund 1confirmation has invested in all of these projects—is the go-to site for ...
Last night, Polymarket proved the wisdom of markets over the polls, the media, and the pundits. Polymarket consistently and accurately forecasted outcomes well ahead of all three, demonstrating ...
Polymarket declined to comment for this story, but a person familiar with the company said it was unlikely the court ruling would result in any sites offering bets in the U.S. on the presidential ...
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 ...