The prediction market platform has come a long way after regulators in the United States banned Polymarket from serving US clients in 2022.
Shayne Coplan, the founder of prediction market Polymarket, is once again in the limelight, as prediction markets shift from regulatory bans in the United States to legitimate financial markets with institutional backing.
Bloomberg named Coplan among the world’s billionaires following a $2 billion investment in Polymarket by New York Stock Exchange parent Intercontinental Exchange (ICE).
Coplan launched the platform in 2020 when he was 21 after dropping out of New York University. He often worked on the platform from the bathroom in his New York apartment, he said.
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