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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.
Prediction markets can be more accurate than polling when it comes to elections, a professor told Business Insider. There's over $606 million wagered on the 2024 election on Polymarket, favoring a ...
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 ...
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,” the prediction platform posted on X on Wednesday. “Polymarket consistently and accurately ...
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 ...
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 ...