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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.
Polymarket, a crypto-based betting market, predicted a 70% chance President Joe Biden would drop out of the race this year as far back as July 4, two weeks before he actually bowed out. "It's an ...
This year, Polymarket has seen $1.75 billion worth of trading volume, according to data from The Block, with betting activity exploding on US election outcomes. In October alone, the betting ...
“Last night, Polymarket proved the wisdom of markets over the polls, the media, and the pundits,” the prediction platform posted on X on Wednesday. “Polymarket consistently and accurately ...
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 ...
Polymarket has been cited over the past several months by mainstream media outlets as an alternative to traditional polls, with some election watchers arguing that prediction markets are more ...
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 ...
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 ...