Polymarket CEO Shayne Coplan is regularly late to private meetings, attended at least one of them barefoot and is “easily distracted,” texting and taking phone calls mid-conversation, according to a Bloomberg report.
The quirks would read as startup color if the company weren’t bleeding its lead to rival Kalshi eight days before its biggest backer reports earnings.
Intercontinental Exchange (NYSE:ICE), the parent of the NYSE, has committed up to $2 billion to Polymarket at escalating valuations.
It reports Q1 earnings on April 30, with the consensus analyst target at roughly $194 on a Strong Buy rating. Raymond James raised its target to $222 earlier this month.
Kalshi Pulls Ahead
The two companies’ valuations moved in lockstep for most of the past year. That changed last month, when Kalshi raised $1 billion at a $22 billion valuation …
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