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Polymarket CEO: Currently Operating at a Loss, Expanding Market Share is Top Priority
BlockBeats News, December 9th, Polymarket CEO Shayne Coplan stated in an interview with AXIOS that Polymarket is currently operating at a loss. He said, "We are not averse to money, but our priority is to create a brand-new market. We want to grow this market as much as possible, and capturing as much market share as we can is our top priority." Every prediction market actually has a spread, similar to sports event predictions. Users may not see a transaction fee upfront, but they are paying the spread. The difference is that in the Polymarket market, the spread is not taken by the platform; instead, it is distributed to those users providing liquidity, earning it for the order placer.
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