Polymarket CEO: Currently operating at a loss, expanding market share is the top priority.
TL;DR
Polymarket CEO Shayne Coplan confirms the platform is operating at a loss, prioritizing market expansion and share capture over immediate profits. The platform distributes spreads to liquidity providers instead of taking them as fees.
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According to Foresight News , Polymarket CEO Shayne Coplan stated in an interview with AXIOS, "Polymarket is currently operating at a loss. It's not that we don't like money, but our priority is to create a completely new market and make it as large as possible, capturing as much market share as possible. Every prediction market actually has a spread, similar to sports predictions. Users don't pay transaction fees on the surface, but they do pay the spread. However, in the Polymarket market, the spread isn't taken by the platform; instead, it's distributed to users who provide liquidity, and the order placers earn it."