2024-10-28
Shayne Coplan, CEO of the decentralized
prediction platform Polymarket, rebutted a recent article from the New York
Times calling Polymarket a "crypto-powered gambling website" that
showed high 64% odds of Donald Trump winning the 2024 presidential election.
He posted on X that Polymarket made it
clear that it operates without any political bias. In a statement, the platform
acknowledged that depending on the day, it is accused of being aligned with
either Democratic or MAGA agendas.
However, the company reiterated that it
is "strictly non-partisan," driven by a mission to offer an
alternative data source through prediction markets. "We're just market
nerds who think prediction markets provide the public with a much-needed
reality check," the company noted, stressing its role in offering a
counterbalance to algorithm-driven echo chambers that often dominate social
media feeds.
Polymarket also distanced itself from
being labeled as a political site. Since its inception, the platform's goal has
been to use free markets to provide insights into real-world events.
