TechFlow, Dec 9 — In an interview at the Axios BFD event, Polymarket founder Shayne Coplan admitted that the company is currently unprofitable and still operating at a loss. Coplan explained that this is a deliberate strategy aimed at expanding market size and capturing greater market share.
He noted that as a blockchain-based platform, Polymarket operates under a different model compared to traditional platforms. Unlike conventional sports betting platforms, the bid-ask spreads on Polymarket are not captured by the platform itself but are instead earned by users who provide liquidity.
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