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Shayne Coplan, 27, became the world’s youngest self-made billionaire after his prediction market platform Polymarket raised $2B, valuing it at $8B.
Shayne Coplan, a 27-year-old NYU dropout, has become the world’s youngest self-made billionaire after his prediction market platform Polymarket secured a $2 billion investment from Intercontinental Exchange, valuing the company at $8 billion.
The platform, which allows users to bet on events like elections and sports by framing trades as financial instruments, avoided gambling laws but faced past regulatory scrutiny, including an FBI raid and a $1.4 million CFTC penalty.
After resolving legal issues by acquiring a CFTC-licensed exchange, Polymarket resumed U.S. operations, backed by investors including Peter Thiel, Vitalik Buterin, and 1789 Capital, which includes Donald Trump Jr. as an adviser.
The company’s rise reflects growing institutional interest in decentralized prediction markets despite ongoing regulatory challenges.
Shayne Coplan, de 27 años, se convirtió en el multimillonario hecho a sí mismo más joven del mundo después de que su plataforma de mercado de predicción Polymarket recaudó $ 2B, valorándola en $ 8B.