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Polymarket CEO: We are the most accurate prediction tool, CFTC approved, ICE invested 2 billion.

[Coin World] The CEO of Polymarket, Shayne Coplan, recently claimed that their encryption prediction platform is the “most accurate tool” available today. What makes it accurate? It relies on real economic incentives to turn predictions into useful information streams.

It's completely different from traditional polling methods. Just for the 2024 U.S. election, there has been a betting volume of 3 billion dollars on the platform. Real money betting is much more reliable than just talking about it.

Of course, there are also many controversies. Some people question the existence of insider trading on the platform, while others have opinions on the contracts related to certain sensitive events. Coplan responded to each of these issues with a fairly calm attitude.

More importantly, there has been a breakthrough at the regulatory level—the CFTC has approved their intermediary trading in the United States, and the Intercontinental Exchange (ICE) has directly invested $2 billion. This endorsement is solid.

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rugpull_survivorvip
· 12-01 10:50
Alright, a $3 billion bet is indeed more reliable than poll questionnaires, real money makes a difference. With the backing of the CFTC and ICE, Polymarket has finally stabilized, much more solid than those previously wild-growing small platforms. The doubts about insider trading are still a bit uncertain, needs to be monitored. That statement about being the most accurate sounds a bit arrogant, let's wait for actual performance. If this wave can really hold above, the prediction market sector might become very popular.
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mev_me_maybevip
· 12-01 10:49
Haha, really bold to say that; does dumping 3 billion really give more accurate results than polls? I still have some doubts. --- ICE directly dumped 2 billion; now there’s no need to worry about regulation, at least in the short term it’s stable. --- How could insider trading be completely eradicated? Large Investors can play around freely. --- Emm, precision tools? Wake up; as long as you have money, you can buy volume. --- The key is that the CFTC approves this; everything else is just fluff. --- To put it bluntly, it’s just the legalization of gambling funds; it’s just a change of skin. --- A betting volume of 3 billion sounds impressive, but the real money is made by just a few people. --- This thing is still too early; let’s see how it goes in a year. --- But I have to admit, it is indeed more real-time compared to traditional polls, reflecting market sentiment faster. --- ICE coming in is like a reassurance; having big institutions backing it makes a difference.
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UncleWhalevip
· 12-01 10:47
A betting volume of 3 billion dollars sounds impressive, but can we really trust this trap prediction model? Does more money mean more accuracy?
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CryptoTarotReadervip
· 12-01 10:32
3 billion dollars is really a lot to invest, but the insider trading part is still a bit concerning...
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NFTRegretDiaryvip
· 12-01 10:27
A betting volume of 3 billion US dollars sounds impressive, but what can it really predict? It still feels like there's a lot of gambling involved.
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