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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.
A self-professed “nerdy guy”, Coplan has been deeply interested in probability in high school, leading him to start Polymarket at age 21. The site stands out in part because it relies on ...
“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 ...
“Polymarket changed the political landscape, forever,” Polymarket chief marketing officer Matthew Modabber posted on X. “We’re just getting started.” “We’re just getting started.”
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 ...
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 ...