If Polymarket doesn't issue coins, what else can the prediction market speculate?

With Trump re-entering the White House, the prediction market is experiencing an unprecedented wave of mainstreaming. The latest big news is that Polymarket, the world's largest prediction market, has received tens of millions of dollars in investment from Trump's eldest son, Donald Trump Jr. Venture Capital Fund, and the president's son will not only participate in the investment as 1789 Capital, but will also join Polymarket's advisory board.

Polymarket's investment may also mean that the possibility of an IPO is much greater than the possibility of issuing coins. 1789 Capital is also an investor in star companies such as Anduril and SpaceX, and according to people familiar with the matter, 1789 Capital founder Omeed Malik and Polymarket CEO Shayne Coplan began contacting as early as 18 months ago, but did not officially invest until the company had a clear legal path in the U.S. market.

Another interesting phenomenon is that most projects in...

3.15K

The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.