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Polymarket CEO calls chasing 100x tokens 'irrational exuberance'
- Polymarket CEO calls chasing 100x tokens 'irrational exuberance' — Speaking at Token2049 Singapore, Polymarket CEO Shayne Coplan said chasing 100x tokens is irrational exuberance, arguing that traders on prediction markets are seeking wagers with more predictable odds instead. Polymarket logged $1.21 billion in seven-day volume per DefiLlama, behind Kalshi's $2.3 billion, and more than a dozen US states have taken legal action against one or both platforms over sports event contracts. (Cointelegraph)
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