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Forbes: Polymarket Founder Becomes Youngest Self-Made Billionaire After ICE Investment
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Heartspace News Desk
•Source: Forbes, Forbes
Photo by Coinstash Australia on Unsplash
TL;DR
Shayne Coplan, the 27-year-old founder of Polymarket, is now reportedly a billionaire following a $2 billion investment from Intercontinental Exchange (ICE) for a 20% stake, valuing Polymarket at $9 billion. The agreement also names ICE as the global distributor of Polymarket's event-driven data and includes future collaboration on tokenization, which increases competition with Kalshi.
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Key takeaways
- Shayne Coplan, the 27-year-old founder of prediction market platform Polymarket, has reportedly become the world's youngest self-made billionaire, according to Forbes
- This valuation stems from a recent $2 billion investment by Intercontinental Exchange (ICE), securing ICE a 20% equity stake in Polymarket and valuing the company at $9 billion
- The agreement also designates ICE as the “global distributor of Polymarket’s event-driven data” and includes collaboration on “future tokenization initiatives,” intensifying Polymarket's competition with rival platform Kalshi
Shayne Coplan, the 27-year-old founder of prediction market platform Polymarket, has reportedly become the world's youngest self-made billionaire, according to Forbes. This valuation stems from a recent $2 billion investment by Intercontinental Exchange (ICE), securing ICE a 20% equity stake in Polymarket and valuing the company at $9 billion. The agreement also designates ICE as the “global distributor of Polymarket’s event-driven data” and includes collaboration on “future tokenization initiatives,” intensifying Polymarket's competition with rival platform Kalshi.
Related Topics
PolymarketIntercontinental ExchangeICEShayne Coplanbillionairecryptocurrencyprediction markets
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