Shayne Coplan made a risky bet when he built Polymarket in 2020. He created the platform in three months and didn’t seek regulatory approval as the law required. In 2021, the Commodity Futures Trading Commission launched an investigation. Coplan paid a penalty and could not have customers in the U.S. With the second Trump administration came a new appreciation for prediction markets. In the summer of 2025, Polymarket bought a fully licensed, legally compliant trading platform, paving the way for
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