Dan Primack interviews Shayne Coplan, the founder and CEO of Polymarket, about the genesis of the company and its prediction market platform. Coplan discusses his background, the problem Polymarket solves by distilling signal from noise using price formation, and how the platform works. He explains Polymarket's current business model of prioritizing market share over immediate profit, its plans to generate revenue in the future, and its imminent return to the U.S. market via the acquisition of a regulated exchange. They delve into the benefits of building on the blockchain, addressing concerns about wash trading and insider trading, and the regulatory landscape of prediction markets versus sports betting, including the potential for a Supreme Court case. Coplan also shares his favorite Polymarket use case: open-source intelligence and geopolitical markets.
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