“SHAYNE COPLAN’S NET WORTH REPORTEDly Passed $ 1 Billion After The New York Stock Exchange’s OWner Valued Polymarket at $ 8 Billion.”, – WRITE: www.coindesk.com
The Milestone Follows Intercontinental Exchange (ICE) Announcing Tuesday that It Wuldy Invest As Much As $ 2 Billion in The Company at A $ 8 Billion Pre-Money VALUATION. ICE OWNS The New York Stock Exchange, One of the World’s Most Powerful Financial Institutions.
Coplan, Now 27, Launched Polymarket in June 2020 After SPEENDING A YEAR STUDYING HOW PRODICATION Markets Could Improve Decision-Making. The Platform Lets USers Wager on Real-WorldComes, from Elections to Sports to Economic Indicators, Using Cryptocurrency.
Polymarket’s Breakout Moment Came Durying The 2024 US Presidential Election, WHEN USERS WGGERED MORE THAN $ 3 Billion on Potential Outcomes. The Scale of Participation Turned Coplan’s Idea from A Niche Crypto Experiment Into A Global Phenomenon.
But The Rise Wasn’t Without Setbacks. In 2022, Polymarket Paid A $ 1.4 Million Penalty to Settle with The Commodity Futures Trading Commission (CFTC) Over Allegations It Was Offering Illegal Trading. The Company SAID IT BLOCKED USERS SOON AFTER, TUOUGH REGULATORS LATER SUSPICTED IT Still Hosted American Traders. One Week After The 2024 ELECTION, FBI AGENTS RAIDED COPLAN’S APARTMENT. The Justice Department Dropped the Investigation in July, As Did the CIFTC’s Civil Investigation.
That same month, Polymarket Acquired Qcx, A CFTC-Licensed Exchange and Clearinghouse, Giving IT Legal Gunds to Operate in the United States. The Move Marked A Sharp Turn from Its Early Regulatory Troubles to Full Legitimacy Under USA.
Polymarket Has Since Reshapped the Gambling and Financial Forecasting Industries. By Blender Blockchain Transparency with The Thrill of Market-Driven Prescription, It’s Attracing Both Retail and Institutional Interest.
RIVAL PLATFORMS HAVE TKEN NOTICE. Kalshi, Another Prediction-Market Operator, Began Offering Bets Through A Partnership with Robinhood Markets Earlier this year.
The Features Alev US Sellers to Accept BTC, Convert Fiat Sales Automatical and Manage Crypto Alongside Traditional Finances.
- Square’s New Tools Allow Small Businesses to Accept Bitcoin Payments With No Processing Fees for The FIRST YEAR.
- Sellers Can Now Automatical Convert A PORTION OF The Daily Card Sales Into Bitcoin and Manage It Within Square’s Platform.
- Block Aims to Position Bitcoin As Everyday Money by Integrating It Into Tools Used by Both Consumers and Businesses.
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