The billionaires just keep winning. Fortune reported on a new member of the club.
On Tuesday, the New York Stock Exchange’s parent company, Intercontinental Exchange, invested $2 billion cash in Polymarket, skyrocketing the company’s valuation to $9 billion post investment and making CEO and founder Coplan a billionaire at the age of 27, according to the Bloomberg Billionaire Index.Also benefiting from the massive valuation rise - Peter Thiel and his Founders Fund which led a $150 million round that valued Polymarket at $1.2 billion earlier this year.
That's a 666% increase in less than a year for Thiel.
That number is appropriate given Thiel's recent focus on the antichrist, which could be any person or group that challenges a TechGod's ability to harm people, purloin information, surveil the workplace/society and endlessly enrich themselves with no concern for any social obligations, like taxes.
Polymarket is a betting site, pure and simple, and for most an unprofitable one.
To sum up, the parent company of the NYSE put $2 billion into a site that takes most people's money. The investment made a new billionaire and an existing billionaire even richer. And they pretend this is knowledge generation.
A knowledgeable generation would stay away from Polymarket and its extrinsic titillation.
Think of B.F. Skinner's rat and the bar. Only 12.7% of the time the rat gets the pellet. 87.3% of the time it gets shocked.
Think of B.F. Skinner's rat and the bar. Only 12.7% of the time the rat gets the pellet. 87.3% of the time it gets shocked.
Staying away from Polymarket is required in order to sustain one's intrinsic cognition/learning skills. The company will not tell you that as they fleece your wallet.
