According to BlockBeats, on December 9, Polymarket CEO Shayne Coplan stated in an interview with AXIOS that the platform is currently operating at a loss. Coplan emphasized that the priority is to create a new market and capture as much market share as possible. He explained that while prediction markets have a spread similar to sports betting, Polymarket's spreads are not retained by the platform but are instead distributed to liquidity providers, who earn profits from traders.
Polymarket CEO Reveals Current Operational Losses, Prioritizes Market Share Expansion
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