LeGate

growth @Polymarket • professional situation monitor • thiel fellow • founder @ GoodPillow (acquired) • building the prediction market space since 2019

[LeGate @williamlegate]

“She tryna finesse Polymarket for bread” ~ Drake

[LeGate @williamlegate]

@Caneleo55 @0xAsta @Polymarket predictions revshare rollout starting this friday

[Haseeb Qureshi ＞|＜ @hosseeb]

This is total nonsense.

We're one of the largest early investors in Polymarket, and this story that Shayne was "caught red-handed" using company money is just a flat out garbage hit piece.

Shayne wasn't taking a salary. He was 21 when he started Polymarket, he was living hand-to-mouth running the company out of his apartment, barely making ends meet when he was raising his seed round. We were his first term sheet and literally offered to loan him money personally, but he ended up not needing it when the seed round came together.

After COVID and the crazy Biden-era crackdown on crypto that was happening at the time, there was a lot of chaos in almost every company in the industry. As an investor, we saw a lot of companies go through pandemic-era startup craziness, and Polymarket was no exception.

But Shayne disclosed every dollar he spent, which turned out to annualize to about a software engineer's salary. That's including the flights, none of which were personal flights. Plus, SHAYNE STARTED the accounting and payback process, no one “found” it. In aggregate, it was nothing that an investor would balk at. He paid it back to the company in full, and then got on a normal salary like everyone else.

It was an accounting problem, not an integrity problem. It was not a big deal.

Polymarket has had growing pains, no doubt. It went from a small fledging startups to one of the most explosive consumer brands in America. But Shayne has leveled up alongside the company, and as investors we have total confidence in him.

Enough of this stupid FUD.

The end.

[Polymarket @Polymarket]

The stakes keep rising.

Watch the midterms move on Polymarket.

[LeGate @williamlegate]

@0xForecaster @Polymarket @PolymarketTrade may I introduce you to the breaking news tab: https://t.co/e62vLmP7LP

[LeGate @williamlegate]

@CarOnPolymarket @MatthewModabber interesting

[Matthew Modabber @MatthewModabber]

Last weekend’s revenue:

Polymarket: $9.9m
Hyperliquid: $2.64m

$HYPE is an $86 billion token 🧐

[Xtine Fang @XtineFang]

Polymarket Events during Token2049 🇸🇬

Oct 7, Wed
• @Polymarket Singapore Kick-Off
https://t.co/OH6O1IwqtV

Oct 8, Thurs
• Liquid Fund Dinner @Poly_Perps
https://t.co/tHItVxxTea

🇸🇬 F1 Week 🏎️🏎️🏎️

Oct 9, Fri | host: @supermegadaniel
• F1 Paddock Club

Oct 10, Sat | host: @XtineFang
• F1 Paddock Club

Oct 11, Sun (Race Day) | host: @bbrizzzzzz
• F1 Paddock Club

I will be in SG from Oct 4 - 11, please DM or comment below if you want to meet!

[Shayne Coplan 🦅 @shayne_coplan]

Super excited to announce that Lisa Mantil has joined Polymarket to grow our Institutional business.

Polymarket is only the second job of Lisa's career. She spent 27 years at @GoldmanSachs rising through the ranks to Partner, where her specialty was understanding what institutional clients needed and building the financial products to deliver it. That's the sauce she's bringing to Polymarket, and we're grateful to have her.

If you're interested in taking large size in any event contract relevant to your business or portfolio, DM me or email [email protected].

Thank you to Cyril and @DavidSolomon for the intro and recommendation. Onwards.

[Polymarket @Polymarket]

Bitcoin up or down?

15 minute crypto up/downs are now live in the Polymarket US app.

Let the bull season begin 📈

[Josh @devjoshstevens]

We usually don't share timelines, but we want to be as transparent as possible about the new Rust CLOB build-out for Polymarket DeFi. The current CLOB is the system behind most of the issues we see today, so we've got all hands on deck building the new one.

- Oct - full order lifecycle working end to end in staging: trading + settlement flow + onchain + indexer + engine notification flow
- Nov - mirroring full production traffic to the new exchange cluster and diffing outputs against the current system. MM test access opens in Nov; we'll confirm the exact date by the end of Oct.
- Nov - migration cutover plan locked, with 2x full rehearsals before we flip anything

If all goes well, we then release it.

The migration is designed to require minimal to no work on any MM/developer's side. Request and response interfaces should stay as they are: we may add extra useful fields, one field may be deprecated, and anything we deprecate will have a notice period before go-live.

[David Steinberg @Dav1dSteinberg]

What better way to solve a debate than checking @Polymarket ✍️🚀🫡⚖️📈📠😛🔒

@RealSkipBayless x @ShannonSharpe x @PolymarketSport

More to come...

[LeGate @williamlegate]

@SethDannyYak @PolymarketTrade @itsAllStrategy_ 👍

[LeGate @williamlegate]

@0xAsta @Caneleo55 @Polymarket the “revenue” in this screenshot is deposits, not actual revenue generated, but as Caneleo said we’re adding revshare

[Bill Speros @billsperos]

NFL Season
App Downloads

1.386M @Polymarket
1.312M @Kalshi
805K @DKSports
502K @FanDuelSports
291K @SleeperHQ
204K @PrizePicks
204K @bet365_US
197K @HardRockBet
167K @FanaticsSports
120K @splashsports
102K @Novig
100K @Underdog
83K @Betr
77K @CaesarsSports
⏯️ Citizens

[Breezy 4L @breezyjpg]

Polymarket US became the #1 finance app in America

[LeGate @williamlegate]

@primo_data 1 billy 🚀

[Primo Data @primo_data]

Introducing Polymarket Data, a public source for U.S. & International exchange data.

Polymarket U.S. hit 1b+ total volume (contracts) for the weekend, consecutive daily ATHs:
- Saturday: 510m+
- Sunday: 525m+

We're just getting started.

[LeGate @williamlegate]

@Payne_1337 hey Max, I hear you - we're updating to revshare for predictions next month & already have revshare for perps. in addition to that, you're missing the deposit bounties we currently offer - many of those affiliates who've been offered merch have made quite a bit of $$

[LeGate @williamlegate]

@Timmy_Turnes @Polymarket @PolymarketSport @PolymarketTrade 😭😭😭

[Dustin Gouker @DustinGouker]

Graph below is taker volume (NOT notional volume) for recent midweek NFL games at Kalshi/Poly (US + defi). Not a huge gap!

A lot of the gap we are seeing between Kalshi and Poly/the field at the top line for sports is increasingly from combos.