Polymarket CEO Shayne Coplan has responded to allegations of manipulation regarding the platform's US election prediction markets. Coplan clarified that Polymarket is neutral and that claims of bias reflect market reactions rather than favoritism. He emphasized that Polymarket's purpose is to provide an alternative data source for understanding real-world events. Coplan also addressed claims about investor Peter Thiel's influence, stating that Thiel's firm holds a minority stake with no direct control. He highlighted Polymarket's transparent peer-to-peer structure and its popularity for accurately predicting Biden's exit from the race. Polymarket has seen increased attention and a volume of $2.4 billion in its 2024 election market, but scrutiny has also increased due to substantial bets favoring Trump. As of now, Polymarket data shows Trump with a 63.7% chance of victory.



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