💰 27-year-old CEO of Polymarket becomes the youngest billionaire in the world
Shayne Coplan – the 27-year-old founder of Polymarket – officially becomes the youngest self-made billionaire in the world after Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, invests a maximum of 2 billion USD into Polymarket with a valuation of 8 billion USD.
Launched in 2020, Polymarket allows users to bet on real-world events such as elections, sports, or breaking news. The platform previously attracted attention with 3 billion USD in trading volume during the 2024 US elections.
After a period of investigation, Polymarket acquired QCEX to legalize operations in the US.
The investment from ICE is seen as a landmark consolidation between traditional finance and DeFi, ushering in a new era for the decentralized prediction market.
😂 Not encouraging "betting on when you'll become a billionaire", but who knows!