Polymarket CEO Shayne Coplan has responded to growing scrutiny report highlighting the platform’s influence in the 2024 U.S. presidential election betting market.
What Happened: In a post on X (formerly Twitter), Coplan clarified that Polymarket is strictly non-partisan and aims to provide an alternative data source in an era where algorithms fuel echo chambers.
“If just one thing, Polymarket is a reality check,” Coplan said, underscoring the platform’s role in providing unbiased, market-driven predictions.
Coplan’s comments follow a New York Times article about Donald Trump‘s promotion of Polymarket’s election odds, which show him with a 64% chance of defeating Vice President Kamala Harris in the upcoming election.
While the odds have garnered attention, they have also sparked concerns about potential market manipulation. An investigation revealed that four accounts controlled by a single individual placed large bets on Trump, raising his odds significantly.
The New York Times …
Full story available on Benzinga.com