Polymarket Operates at a Loss to Drive Platform Expansion
CEO Shayne Coplan says prediction market fees are allocated to liquidity providers instead of being retained by the platform.
Summary
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Terms & Concepts
Prediction market: A platform where participants trade contracts based on outcomes of future events, with prices reflecting the perceived probability of those outcomes.
Liquidity provider: An individual or entity that supplies assets to a market to facilitate trading and improve market depth.