Polymarket

Extracted Attributes

• Type

  Cryptocurrency-based prediction market

• Founded

  2020-01-01

• Founder

  Shayne Coplan

• Market Size

  World's largest prediction market

• Headquarters

  Manhattan, New York City, USA

• Currency Used

  USDC cryptocurrency

• Business Model

  Non-custodial, does not take profits from bets

• Funding Raised

  Approximately $70 million

• CFTC Fine Amount

  US$1.4 million

• Blockchain Network

  Polygon blockchain, Ethereum network

• US Customer Access

  Restricted since 2022

Timeline

• Polymarket launched as a cryptocurrency-based prediction market. (Source: Summary, Wikipedia, Wikidata)

  2020-01-01

• 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. (Source: Wikipedia, Web Search)

  2022-01-01

• Polymarket blocked access to US customers following the CFTC settlement. (Source: Summary, Wikipedia)

  2022-01-01

• FBI raid on the home of Shayne Coplan, CEO of Polymarket. (Date approximated based on podcast context of Trump's election victory) (Source: Related Document)

  2024-11-01

Polymarket

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. Participants can deposit USDC cryptocurrency through the Polygon blockchain network and trade shares that represent the likelihood of specific outcomes occurring in the future. Polymarket has blocked access to US customers since 2022, following a settlement with the Commodity Futures Trading Commission, which accused the company of running an unregistered derivatives-trading platform.

Web Search Results

• Polymarket - Wikipedia

  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. Participants can deposit USDCcryptocurrency through the Polygon blockchain network "Polygon (blockchain)") and trade shares that represent the likelihood of specific outcomes occurring in [...] Founded in 2020 by Shayne Coplan,( Polymarket is a prediction market that allows users to gain/lose on the outcome of world events.( 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.( According to the CFTC, Polymarket offered "substantial cooperation" throughout the investigation, which resulted in the company [...] What links here Related changes Upload file Permanent link Page information Cite this page Get shortened URL Download QR code Edit interlanguage links Print/export Download as PDF Printable version In other projects Wikidata item From Wikipedia, the free encyclopedia Cryptocurrency prediction market platform

• What is Polymarket? The Crypto Prediction Market - Gemini

  Launched in 2020, Polymarket is a decentralized prediction market platform that allows you to stake tokens on the outcome of current events like elections, sports, and current events, while earning cryptocurrency for your correct insights. Polymarket is a decentralized betting platform that is non-custodial — meaning it never holds user funds — and does not take any profits from bets. All transactions are made in crypto, and all processes are transparent and automated on the Ethereum [...] Built on the Ethereum network with Polygon technology, Polymarket offers a non-custodial decentralized betting platform for the aggregation of public opinion on future events, upon which you can stake crypto and earn from your own accurate predictions. [...] Polymarket is a decentralized prediction market that allows you to speculate on the outcome of real world events. By Cryptopedia Staff Updated April 21, 2025 • 3 min read Image 5: share with twitterImage 6: share with linkedinImage 7: share with facebook Image 8: Polymarket- A Decentralized Prediction Market #### Summary

• Polymarket - MarketsWiki, A Commonwealth of Market Knowledge

  Polymarket is the world’s largest prediction market, according to the company. It allows participants to bet on future world events across various topics, including presidential (and other) elections, using cryptocurrency. Users of Polymarket can buy and sell shares representing the likelihood of certain future events occurring. The shares are always priced between $0.00 and $1.00 USDC, and every pair of event outcomes (i.e. each pair of "YES" + "NO" shares) is fully collateralized by $1.00 [...] Polymarket is based in New York City, where it essentially operates as an offshore betting platform outside the purview of U.S. regulations, because betting on elections is illegal in the U.S. under federal law. Therefore wagers placed on the site on U.S. elections don’t reflect the intentions of American voters, according to Kaiko Research. In 2024, betting on the outcome of the 2024 presidential election became Polymarket’s most popular offering, with about $2.7 billion in trading volume on [...] USDC stablecoin for all transactions Polygon blockchain for settlement Smart contracts for automated market making and resolution Binary options that resolve to either $1.00 (if the event occurs) or $0.00 (if it doesn't) ## History[edit] Polymarket was founded by Shayne Coplan in 2020. Peter Thiel and Vitalik Buterin raised about $70 million in funding for Polymarket.

• What is Polymarket? Revolutionizing prediction markets with ...

  What is Polymarket? Revolutionizing prediction markets with blockchain technology. =============== Download WalletTrade Here Share Featured Polymarket is a decentralized prediction market platform that leverages blockchain technology to enable users to speculate on the outcome of real-world events. By providing a transparent and secure environment, Polymarket empowers individuals to forecast events ranging from political elections to economic indicators. [...] By utilizing the robust security features of the Ethereum blockchain, Polymarket guarantees that all user transactions are immutable and transparent, significantly reducing the risk of fraud and unauthorized alterations. Additionally, smart contracts on Polymarket automatically verify the outcomes of predicted events through reliable data feeds or decentralized oracles, ensuring that payouts are executed accurately and promptly based on verified real-world results. [...] Polymarket is accessible to anyone with an internet connection, breaking down geographical barriers and allowing a diverse range of participants to engage in prediction markets. ### Informed Decision-Making By aggregating the collective intelligence of its user base, Polymarket provides valuable insights into the likelihood of various outcomes, aiding in more informed decision-making. ### Enhanced Transparency

• Polymarket Documentation: What is Polymarket?

  Polymarket is the world’s largest prediction market, allowing you to stay informed and profit from your knowledge by betting on future events across various topics.Studies show prediction markets are often more accurate than pundits because they combine news, polls, and expert opinions into a single value that represents the market’s view of an event’s odds. Our markets reflect _accurate, unbiased, and real-time probabilities_ for the events that matter most to you. Markets seek truth. ​ [...] a certain topic, Polymarket is your opportunity to profit from trading based on your knowledge, while improving the market’s accuracy. [...] On Polymarket, you can buy and sell shares representing future event outcomes (i.e. “Will TikTok be banned in the U.S. this year?”) Shares in event outcomes are always priced between 0.00 and 1.00 USDC, and every pair of event outcomes (i.e. each pair of “YES” + “NO” shares) is fully collateralized by $1.00 USDC. Shares are created when opposing sides come to an agreement on odds, such that the sum of what each side is willing to pay is equal to $1.00.

• Founder

  Shayne Coplan

• Instance Of

  Q35127

• Inception Date

  1/1/2020