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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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With Billionaire Backers In Tow, Crypto’s Fastest-Growing Startup Mints The World’s Youngest Self-Made Billionaire
A $2 billion investment from NYSE parent ICE vaults Polymarket’s 27 year-old founder Shayne Coplan into the three-comma club and intensifies its rivalry with prediction market competitor Kalshi.
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The owner of the New York Stock Exchange has just announced an important investment in the online betting site Polymarket. This platform, a time banned from the United States, allows to bet in cryptocurrency on many current issues. Its 27-year-old founder, Shayne Coplan, has just become a billionaire. - Its CEO becomes a billionaire at 27: what is Polymarket, this betting platform on news? (Economy).
Coverage Details
Total News Sources44
Leaning Left4Leaning Right5Center7Last UpdatedBias Distribution44% Center
Bias Distribution
- 44% of the sources are Center
44% Center
L 25%
C 44%
R 31%
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