The Secret History of Polymarket – Part 1: Inside the Rise of Crypto Prediction Markets and Their Founders' Ambitions
By
Mark Goodwin, Whitney Webb
Summary
Part 1 of an investigative series exposing the origins and ambitions of Polymarket, the world's largest crypto-powered prediction market, and its founder Shayne Coplan. The article reveals how Coplan and rival Tarek Mansour of Kalshi have joined forces to create 5c(c) Capital, a venture capital firm aimed at building infrastructure for the prediction market industry. The piece explores the dark ambitions of this industry to fundamentally alter both financial markets and representative government.
Source
bskyThe Secret History of Polymarket – Part 1: Inside the Rise of Crypto Prediction Markets and Their Founders' Ambitionsunlimitedhangout.comKey quotes
· 3 pulledShayne Coplan, now the world's youngest 'self-made' billionaire, is the public face of what purports to be the world's largest crypto-powered prediction market – Polymarket.
Coplan and his alleged arch-rival, Tarek Mansour of the competing prediction market platform Kalshi, recently buried the hatchet to create a new venture capital firm called 5c(c) Capital.
The fund is aimed at bulking up the infrastructure for what has rapidly become an insurgent digital industry.
You might also wanna read
Polymarket | The World's Largest Prediction Market™
polymarket.com·13d ago
Prediction Markets Surpass Traditional Political Fundraising with Billions in Trade Volume
The article examines the growing influence and massive financial scale of prediction markets in politics, using New York City's recent mayor
magazine.dirt.fyi·7mo ago
The Rise of Prediction Markets: Betting on Everything from Politics to Pop Culture
The article discusses the rise of prediction markets like Polymarket and Kalshi, which allow betting on virtually any future event from Supe
The Verge·6mo ago
Prediction Markets Forge Media Partnerships with Major News Outlets
Prediction markets like Kalshi and Polymarket are increasingly becoming integrated into mainstream news media through partnerships with majo
WSJ investigation finds Polymarket viral videos featured $1.9 million in fake bets
Polymarket, a prediction market platform, is seeking CFTC approval to bring its main exchange back to the US while offering a limited regula
arstechnica.com·9d ago
Media's Growing Obsession with Prediction Markets Raises Concerns About Political Discourse
The article critiques the media's growing obsession with prediction markets like Polymarket, using a CNN clip about Greenland gambling odds
theatlantic.com·5mo ago
Comments
Sign in to join the conversation.
No comments yet. Be the first.