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Polymarket is an American cryptocurrency-based prediction market, headquartered in Manhattan, New York City. Launched in 2020, it offers a platform where investors can place bets on various future events, including economic indicators , weather patterns, awards, as well as political and legislative outcomes.
In 2014, Coplan participated in the initial coin offering of Ethereum and acquired the cryptocurrency when it was priced significantly lower than its later value. [1] [3] Inspired by economist Friedrich Hayek’s theories on decentralized information systems and George Mason University professor Robin Hanson’s work on Futarchy, Coplan founded Polymarket in 2020, which operates as a ...
Polymarket has been ... are putting real money behind their bets. Yet Polymarket is not available to American users and was fined by the CFTC in 2022 for “offering off-exchange event-based ...
Since Coplan, 26, founded the crypto-based prediction market platform, Polymarket has raised $70 million, and in September reportedly sought to raise an additional $50 million among the election ...
Polymarket is a crypto-based predictions market that has become one of the most popular venues for placing online bets on upcoming elections. It was founded in 2020 and requires users to place ...
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 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 ...
The defiant response so far by Coplan and Polymarket may reflect—appropriately enough—a wager that regulators will stand down in reaction to Polymarket’s popularity with the incoming ...