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#Decentralized prediction platforms

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Polymarket Reportedly Fires Marketing Chief, a Close Friend of the CEO
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Polymarket Reportedly Fires Marketing Chief, a Close Friend of the CEO

Key Highlights Decentralized prediction market Polymarket has terminated Chief Marketing Officer Matthew Modabber following an internal investigation. The probe examined multiple incidents that alarmed investors, including allegations that Modabber’s team developed a webpage promoting fake trades. Modabber, who joined as CMO in January 2024 and is a close personal friend of CEO Shayne Coplan, is ...

Galaxy Research Finds 7 in 10 Polymarket Retail Traders Lost Money
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Galaxy Research Finds 7 in 10 Polymarket Retail Traders Lost Money

Key Highlights: A Galaxy study reveals that generalists on Polymarket slightly outperform topic specialists, with tech and science traders yielding the highest profitability rates while sports specialists recorded the lowest. Profitable prediction market accounts typically exhibit higher trade frequencies and larger position sizes, though risk is adjusted downward after both wins and losses. Polymarket faces ...