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Polymarket CEO praises platform after it called 26 of 28 Golden Globe winners
Summary
Polymarket displayed betting odds during the Golden Globes and users correctly predicted 26 of the show’s 28 winners, CEO Shayne Coplan wrote on X. The platform is also under recent scrutiny after a high-value Venezuela-related trade that has prompted proposed legislation.
Content
Polymarket partnered with the Golden Globe Awards so viewers could see betting odds for each category during the broadcast. Users on the platform bought and sold shares on outcomes, and bettors correctly predicted 26 of the show’s 28 winners. Polymarket CEO Shayne Coplan posted on X noting the result and characterizing the integration as a major mainstream step for prediction markets. The partnership drew criticism on X from some users, and those posts received significant engagement. The platform has faced separate scrutiny after a large Venezuela-related trade that preceded a political development.
Key facts:
- Polymarket displayed odds during the Golden Globes and allowed viewers to follow markets for each category.
- Bettors on the platform correctly predicted 26 out of 28 winners at the awards show.
- CEO Shayne Coplan posted on X about the result and called the integration a mainstream moment for prediction markets.
- Several posts on X criticized the Golden Globes integration and drew notable engagement.
- A recent high-value Venezuela-related trade on Polymarket has led to concern about insider trading and prompted a member of Congress to introduce legislation addressing trading by officials.
Summary:
Polymarket’s live integration with the Golden Globes highlighted the platform’s forecasting accuracy and renewed public discussion about prediction markets. At the same time, scrutiny from a separate Venezuela-related trade has led to proposed legislation to restrict certain participants, and that regulatory conversation is an active next step.
