In brief
- Crypto-based prediction market Polymarket was a breakout success in 2024.
- The platform accurately predicted global events throughout the year, including the U.S. presidential election.
- Its 26-year-old CEO Shayne Coplan, who views the world through the lens of probabilities, is Decrypt’s 2024 Person of the Year.
Four years ago, he was just another callow entrepreneur, hacking away in a makeshift bathroom office at his passion project—a prediction market that would blend gambling with real world events. This year that project, Polymarket, emerged as one of the most interesting and potentially valuable use cases in the burgeoning crypto industry.
Shayne Coplan’s blockchain-based prediction platform captivated bettors and spectators alike this year. With each twist and turn in the 2024 U.S. presidential race, it attracted legions of new eyeballs and users, who ultimately foresaw key events like President Joe Biden’s withdrawal from the Democratic ticket and Donald Trump’s White House victory.
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Author: André Beganski
