It's too early to tell exactly how it's going to work. But apparently, $SEGG is working with Polymarket after all. They are monetizing https://t.co/BIZd1skPBp for the first time in over 5 years. But the bear thesis is still the same.
An insider told me:
This new site is all polymarket technology, this is the equivalent of getting a pay per head sportsbetting site. Most likely SEGG had no real costs here.
Typical for SEGG they don't disclose terms of the deal with Polymarket (rev share splits) but it doesnt matter anyway, there won't be anything to split.
They need customers, so far they have one market, a few World Cup games. Polymarket gave them a deal because of the catchy https://t.co/3lsRKaUnsZ domain. The only way this business can succeed is if https://t.co/3lsRKaUnsZ had a customer base, but they have no content and no customers doing anything on https://t.co/3lsRKaUnsZ. Why would people randomly go to the https://t.co/BIZd1skPBp predict site when they can go directly to Polymarket.
@seggmediacorp Wow, you guys are alive over there? Maybe post some screen grabs of the platform so people stop posting "Fraud" slop everywhere and give your investors some confidence.