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| Industry | Event-based trading |
|---|---|
| Genre | Prediction market platform using Polygon |
| Founded | 2020 |
| Founder | Shayne Coplan |
| Headquarters | 1280 Lexington Avenue New York, NY 10028 U.S[1] |
Key people | Shayne Coplan (CEO) |
| Website | polymarket |
Polymarket is an American cryptocurrency-based prediction market, headquartered in Manhattan, New York City. Launched in 2020, it offers a platform where investors can place bets on various future events, including economic indicators, weather patterns, awards, as well as political and legislative outcomes. Participants can deposit USDC cryptocurrency through the Polygon blockchain network and trade shares that represent the likelihood of specific outcomes occurring in the future.
Polymarket has blocked access to US customers since 2022, following a settlement with the Commodity Futures Trading Commission, which accused the company of running an unregistered derivatives-trading platform.[2]
- ^ "Polymarket". CB Insights. Retrieved October 21, 2024.
- ^ "CFTC Orders Event-Based Binary Options Markets Operator to Pay $1.4 Million Penalty". January 3, 2022. Retrieved November 16, 2024.
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