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249 points jaboutboul | 1 comments | 13 Nov 24 21:29 UTC | HN request time: 0.367s | source

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which ◴[14 Nov 24 00:58 UTC] No.42132004[source]▶

I still don't understand the Polymarket business model. Why take the legal risk of $3 billion in volume as an unlicensed commodities exchange if you're not even going to get paid for it? 1% would be $30,000,000!

replies(3): >>42132030 #>>42133097 #>>42134667 #

1. seizethecheese ◴[14 Nov 24 04:09 UTC] No.42133097[source]▶

>>42132004 #

If you predict exponential growth in the business, and fees in the short run will slow that growth, the utility of charging those fees is negative

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FBI Raids Home of Polymarket CEO Shayne Coplan