{"id":140655,"date":"2024-10-26T17:00:01","date_gmt":"2024-10-26T14:00:01","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=140655"},"modified":"2024-10-26T16:09:43","modified_gmt":"2024-10-26T13:09:43","slug":"polymarket-ceo-defends-platform-integrity-amid-u-s-election-betting-surge","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/polymarket-ceo-defends-platform-integrity-amid-u-s-election-betting-surge\/","title":{"rendered":"Polymarket CEO Defends Platform Integrity Amid U.S. Election Betting Surge"},"content":{"rendered":"<p>His <strong><a href=\"https:\/\/x.com\/shayne_coplan\/status\/1849848446372675634\" target=\"_blank\" rel=\"nofollow\">response<\/a> <\/strong>follows a New York Times <strong><a href=\"https:\/\/www.nytimes.com\/2024\/10\/25\/technology\/polymarket-election-betting-crypto-trump.html\" target=\"_blank\" rel=\"nofollow\">article<\/a> <\/strong>that depicted the platform as a \u201ccrypto-powered gambling site\u201d with unusually high odds for Donald Trump over Kamala Harris, sparking integrity concerns.<\/p>\n<p>Coplan clarified that Polymarket\u2019s decentralized, peer-to-peer model means no single entity can control the market, and all transactions are publicly viewable.<\/p>\n<p>The controversy arose when a French national reportedly placed a $45 million cumulative bet on Trump across multiple accounts, leading to speculation.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/bitcoin-set-for-100000-rally-amid-strong-institutional-demand-and-economic-trends\/\" title=\"Bitcoin Set for $100,000 Rally Amid Strong Institutional Demand and Economic Trends\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/07\/pexels-bitcoin-7177601_1280-240x170.png\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Bitcoin Set for $100,000 Rally Amid Strong Institutional Demand and Economic Trends<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>However, Coplan explained that this was not part of a manipulation attempt. As interest in the election grows, Polymarket\u2019s volume has surged, with a reported $3.69 billion in October alone. Currently, the odds show a narrow lead for Trump, reflecting solely participant sentiment.<\/p>\n<p>In related news, Ripple CTO David Schwartz advised the public to verify information as rumors about anti-Trump views circulate, urging caution in the lead-up to the election.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Polymarket CEO Shayne Coplan has addressed allegations of manipulation within the platform\u2019s prediction markets for the U.S. election, stating that Polymarket remains a transparent, non-partisan service.<\/p>\n","protected":false},"author":9,"featured_media":25532,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[22],"tags":[],"class_list":["post-140655","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others"],"acf":[],"yoast_head":"<!-- This site is optimized with the 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