🕵️ Hidden Facts of Polymarket



Short & secret version:

🔹 Not for profit at start: Launched in 2020 as Union.market, original goal was to fight COVID-19 hoaxes, not a speculation platform
🔹 Young founder: Shayne Coplan only 21, dropped out of NYU, built the system in his own apartment room
🔹 Fine became a path: CFTC fine of $1.4 million in 2022 forced expansion outside the US, instead made it bigger
🔹 Unequal power: 0.1% of accounts get 67% of profits, 70% of regular users actually lose consistently
🔹 Fake volume: Columbia research found 20–25% of transactions are "wash trading", peaking at 60% during the 2024 election
🔹 US block but…: Rules officially ban US citizens, but many use VPN to still enter; regulations remain gray
🔹 Giant support: Received funding from Peter Thiel, Vitalik Buterin, then ICE (parent of NYSE) bought shares in 2025
#SKHynixTopsKOSPIByMarketCap
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