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Polymarket Founder Becomes World's Youngest Billionaire at 27
Polymarket's valuation rose to $8 billion after Intercontinental Exchange invested $2 billion, making founder Shayne Coplan the youngest self-made billionaire at age 27.
- Tuesday, Shayne Coplan became the world's youngest self-made billionaire, according to the Bloomberg Billionaires Index, after Intercontinental Exchange Inc. announced a $2 billion investment at an $8 billion valuation.
- Coplan, then an NYU dropout, built Polymarket's first version while selling belongings to make rent during the 2020 Covid-19 lockdown from a bathroom-turned office.
- During the 2024 U.S. presidential election, Polymarket processed more than $3 billion in bets, and DeFiLlama data shows almost $19 billion in trades, with over 2 billion prediction contracts traded in Q3.
- In July, Polymarket acquired QCEX, a CFTC-licensed exchange and clearinghouse, for $112 million, enabling legal U.S. market reentry after the Justice Department and CFTC dropped investigations.
- Investors including Founders Fund and 1789 Capital backed Polymarket, while ICE's stock jumped nearly 4 and gaming stocks fell more than 5% after the deal, fueling speculation over a POLY token.
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39 Articles
39 Articles
Polymarket CEO Becomes Youngest Self-Made Billionaire
A couple of years after dropping out of New York University with dreams of making it big in crypto, Shayne Coplan was so broke that he took an inventory of his Lower East Side apartment so that he could sell belongings to make rent. Now the 27-year-old founder of Polymarket is the youngest self-made billionaire tracked by the Bloomberg Billionaires Index. Intercontinental Exchange Inc., the owner of the New York Stock Exchange, said this week it…
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Total News Sources39
Leaning Left4Leaning Right5Center5Last UpdatedBias Distribution36% Center, 36% Right
Bias Distribution
- 36% of the sources are Center, 36% of the sources lean Right
36% Right
L 28%
C 36%
R 36%
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