Polymarket CEO Shayne Coplan has denied allegations from The New York Times that the platform is politically biased and operates as "crypto-powered gambling." Coplan stressed that Polymarket is a neutral, decentralized platform where users control market odds. He also rejected rumors of Peter Thiel and the Founders Fund influencing operations, despite a $45 million investment from the fund, clarifying that they are not major stakeholders.

Polymarket has thrived with election-related markets, generating over $1 billion in bets in September. Its largest market, focused on the U.S. presidential elections, reached $2.3 billion in volume just days before the election, with Trump leading Harris 64.1% to 35.9%. Despite this activity, the platform has remitted less than $30,000 in fees to the Polygon blockchain.

Despite persistent criticism about transparency and lack of audits, Tether remains the most widely traded cryptocurrency globally, with $190 billion in daily trading volume. Show Less