The Latest Breaking News from Shayne Coplan

Coplan, 27, started Polymarket in the bathroom of his Lower East Side apartment.

Prediction market Polymarket has taken the world by storm and is currently disrupting the sports betting sector. With a new investment from New York Stock Exchange parent Intercontinental Exchange Inc (NYSE:ICE), the company's founder has become the world’s youngest self-made billionaire.

Prediction market hasn't operated here since 2022.

Cryptocurrency-based prediction platform is re-entering the U.S. market after acquiring a CFTC-regulated derivatives exchange, CEO Shayne Coplan said on Monday.

Federal authorities have formally ended investigations into crypto-based prediction market Polymarket, signaling a broader shift in U.S. regulatory posture as the Trump administration embraces digital assets.

The platform predicted Trump's win and is in a legal tussle with the federal government over election betting

Coinbase has reportedly been subpoenaed by the CFTC in relation to Polymarket, the market prediction platform wherein crypto bettors correctly predicted Donald Trump will clinch the 2024 presidential race.

Supporters say the outcome bolsters the case for election betting in the U.S.

Wagering platforms like Kalshi and Polymarket want to expand rapidly, offering bets on awards, epidemics, the economy and more, after ‘astronomical’ election growth