Polymarket CEO: Currently operating at a loss, expanding market share is the top priority

According to ChainCatcher, Polymarket CEO Shayne Coplan stated in an interview with AXIOS that Polymarket is currently operating at a loss. "It's not that we don't like money, but our priority is to create an entirely new market. We want to make this market as large as possible, and capturing as much market share as possible is our top priority."

Every prediction market actually has a spread, similar to sports betting predictions. On the surface, users do not pay a fee, but they do pay the spread. However, on the Polymarket platform, the spread is not taken by the platform itself, but is distributed to users who provide liquidity, and is earned by those who place orders.