Polymarket CEO makes the case for prediction markets over speculative crypto bets

Shayne Coplan argues that trading on event probabilities beats chasing 100x returns, and Polymarket's numbers are starting to back him up. At the Token2049 conference in Singapore on October 7, 2026, Shayne Coplan stood in front of a room full of crypto enthusiasts and essentially told them their favorite investment strategy is a losing game. The Polymarket founder and CEO compared the hunt for 100x token returns to a game of hot potato, driven by irrational exuberance rather than any underlying logic about value.

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