Polymarket | News, Hiring, Layoffs, Competitors, CEO, Fundraising Insights
Polymarket is an information markets platform based in New York, NY, where users can bet on the outcomes of highly-debated topics...
Polymarket is an information markets platform based in New York, NY, where users can bet on the outcomes of highly-debated topics such as politics, COVID, and more. It operates as a decentralized prediction market, allowing users to speculate on real-world events using cryptocurrencies, and aims to provide actionable insights that help individuals plan for the future.
Website
Headquarters
New York, NY
Size
11-50 employees
Industry
Software Development
🛍️ Polymarket Product and Pricing News →
👔 Polymarket CEO, Management and Leadership Team →
⚔️ Polymarket Alternatives and Competitors →
💼 Polymarket Hiring and Layoffs →
🤖 Polymarket Developer, Integration and Automation News →
📈 Polymarket Financials, Fundraising and Valuation News →
🛍️ Polymarket Product and Pricing News
- Polymarket plans to introduce rewards and airdrops to retain users and maintain volume after a decline following the US Election markets.
- France's gambling regulator is examining Polymarket's operations due to increased user demand and large bets on the US presidential election.
- The French gambling regulator ANJ is examining Polymarket's operations after a French national profited significantly by betting on Trump's victory in the U.S. election.
- Shayne Coplan, CEO of Polymarket, announced plans to expand the platform to the U.S. following its successful prediction of Trump's election victory, with $3.7 billion in contracts traded this year.
- The French National Gaming Authority is investigating Polymarket for operating without authorization in France, following a $45 million investment led by Peter Thiel's Founders Fund.
- France's gambling regulator, ANJ, is expected to ban access to Polymarket soon.
- Shayne Coplan appeared on CNBC's Squawk Box to discuss how Polymarket predicted the election.
- Polymarket paid U.S. social media influencers, including meme pages and personal finance influencers, to promote election content despite restrictions on U.S. traders.
👔 Polymarket CEO, Management and Leadership Team
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Director
[email protected] -
Director, Global Markets[email protected]
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CEO[email protected]
⚔️ Polymarket Alternatives and Competitors
- Kalshi |
- Hedgehog Markets |
- Augur |
- DoubleDown Interactive |
- Betfair |
- FunFair Technologies
💼 Polymarket Hiring and Layoffs
🤖 Polymarket Developer, Integration and Automation News
📈 Polymarket Financials, Fundraising and Valuation News
- On November 6, Polymarket recorded a trading volume exceeding $371 million.
- Polymarket's trading volume plummeted 84% and daily active users dropped by 53% after the US elections, raising concerns about its future viability.
- On November 6, 2024, Polymarket processed $240 million in trading volumes and 2,921,668 transactions smoothly on election day.
- Gamblers have spent over $3.3 billion on Polymarket betting on the 2024 U.S. presidential election, with nearly two-thirds favoring Trump.
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