diff --git a/entities/internet-finance/polymarket.md b/entities/internet-finance/polymarket.md new file mode 100644 index 00000000..2f0c4ef3 --- /dev/null +++ b/entities/internet-finance/polymarket.md @@ -0,0 +1,70 @@ +--- +type: entity +entity_type: company +name: "Polymarket" +domain: internet-finance +handles: ["@Polymarket"] +website: https://polymarket.com +status: active +tracked_by: rio +created: 2026-03-11 +last_updated: 2026-03-11 +founded: 2020-06-01 +founders: ["[[shayne-coplan]]"] +category: "Prediction market platform (Polygon/Ethereum L2)" +stage: growth +funding: "ICE (Intercontinental Exchange) invested up to $2B" +key_metrics: + monthly_volume_30d: "$8.7B (March 2026)" + daily_volume_24h: "$390M (March 2026)" + election_accuracy: "94%+ one month before resolution; 98% on winners" +competitors: ["[[kalshi]]", "[[augur]]"] +built_on: ["Polygon"] +tags: ["prediction-markets", "decision-markets", "information-aggregation"] +--- + +# Polymarket + +## Overview +Crypto-native prediction market platform on Polygon. Users trade binary outcome contracts on real-world events (politics, economics, sports, crypto). Built on USDC. Vindicated by 2024 US presidential election — called Trump victory when polls showed a toss-up. Now the world's largest prediction market by volume. + +## Current State +- **Volume**: $390M 24h, $2.6B 7-day, $8.7B 30-day (March 2026) +- **Accuracy**: 94%+ one month before outcome resolution; 98% on calling winners +- **US access**: Returned to US users (invite-only, restricted markets) after CFTC approved Amended Order of Designation (November 2025). Operating as intermediated contract market with full reporting/surveillance. +- **Valuation**: ICE (Intercontinental Exchange) invested up to $2B, making founder Shayne Coplan the youngest self-made billionaire. +- **Market creation**: Permissionless — anyone can create markets (differentiator vs Kalshi's centrally listed model) + +## Timeline +- **2020-06** — Founded by Shayne Coplan (age 22, NYU dropout). Pivoted from earlier DeFi project Union Market. +- **2022-01** — CFTC fined Polymarket $1.4M for operating unregistered binary options market; ordered to cease and desist. Blocked US users. +- **2024-11** — 2024 US presidential election: $3.7B total volume. Polymarket correctly predicted Trump victory; polls showed toss-up. Major vindication moment for prediction markets. +- **2025-10** — Monthly volume exceeded $3B +- **2025-11** — CFTC approved Amended Order of Designation as regulated contract market +- **2025-12** — Relaunched for US users (invite-only, restricted markets) +- **2026-03** — Combined Polymarket+Kalshi weekly record: $5.35B (week of March 2-8, 2026) + +## Competitive Position +- **#1 by volume** — leads Kalshi on 30-day volume ($8.7B vs $6.8B) +- **Crypto-native**: USDC on Polygon, non-custodial, permissionless market creation +- **vs Kalshi**: Kalshi is regulation-first (USD-denominated, KYC, traditional brokerage integration). Polymarket is crypto-first. Both grew massively post-2024 election — combined 2025 volume ~$30B. +- **Not governance**: Polymarket aggregates information but doesn't govern organizations. Different use case from MetaDAO's futarchy. Same mechanism class (conditional markets), different application. + +## Investment Thesis +Polymarket proved prediction markets work at scale. The 2024 election vindication created a permanent legitimacy shift — prediction markets are now the reference standard for forecasting, not polls. Growth trajectory accelerating. Key risk: regulatory capture (CFTC constraints on market types), competition from Kalshi on institutional/mainstream side. + +**Thesis status:** ACTIVE + +## Relationship to KB +- [[Polymarket vindicated prediction markets over polling in 2024 US election]] — core vindication claim +- [[speculative markets aggregate information through incentive and selection effects not wisdom of crowds]] — mechanism theory Polymarket demonstrates +- [[decision markets fail in three systematic categories where legitimacy thin information or herding dynamics make voting or deliberation structurally superior]] — boundary conditions apply to Polymarket too (thin-information markets showed media-tracking behavior during early COVID) + +--- + +Relevant Entities: +- [[kalshi]] — primary competitor (regulated) +- [[metadao]] — same mechanism class, different application (governance vs prediction) + +Topics: +- [[internet finance and decision markets]] diff --git a/inbox/archive/2026-03-09-rakka-omnipair-conversation.md b/inbox/archive/2026-03-09-rakka-omnipair-conversation.md index 2455842b..f0d4f5a4 100644 --- a/inbox/archive/2026-03-09-rakka-omnipair-conversation.md +++ b/inbox/archive/2026-03-09-rakka-omnipair-conversation.md @@ -1,7 +1,7 @@ --- type: source source_type: voicenote-transcript -author: "Cory Abdalla & Rakka (OmniPair founder)" +author: "m3taversal & Rakka (OmniPair founder)" title: "OmniPair deep dive — mechanism design, competitive position, ecosystem strategy" date: 2026-03-09 ingested: 2026-03-11