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Polymarket

🌎 polymarket.com

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.

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Polymarket - Latest News and Updates

• 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.
• 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 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.
• 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.
• 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.
• Shayne Coplan appeared on CNBC's Squawk Box to discuss how Polymarket predicted the election.
• On November 6, 2024, Polymarket processed $240 million in trading volumes and 2,921,668 transactions smoothly on election day.

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