Talk:Polymarket
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Request edits for March 2024[edit]
 | This edit request by an editor with a conflict of interest has now been answered. |
Hi editors. This article is very short and lacks a lot of information about the company. I have several ideas for adding sources and content to improve the page. I work for Polymarket and understand that I can’t do this myself. I’d appreciate anyone who has the time to look these over.
1. Please add an Infobox to the page:
 | |
| Original author(s) | |
|---|---|
| Developer(s) | Shayne Coplan |
| Platform | Ethereum |
| Available in | English |
| Type | Prediction Market Platform |
| License | Free software (GPL) |
| Website | polymarket |
Done Encoded Talk 💬 07:22, 1 May 2024 (UTC)
2. Please add a sentence to become the new third sentence in the Lead paragraph:
Polymarket is a prediction market platform built on the Ethereum blockchain.[1]
Reason for the change:
The current Lead paragraph is missing fundamental information about how the company operates. The suggested addition is based on reporting in a high quality source.
Done
3. Please add a new section called “History”directly after the first paragraph:
“History”
Founded by Shayne Coplan,[2] Polymarket launched in 2020 as an online prediction market platform that would allow users to trade on the outcome of world events.[3] The company was founded on the idea that by providing real time forecasts on events as they unfolded, Polymarket could function as an alternative to traditional news sources.[1]
Reason for the change:
“History” is a standard feature in Wikipedia articles and the suggested first paragraph uses reliable reporting to provide important details about the company’s founding and purpose.
Not done WP:PROMO Encoded Talk 💬 07:23, 1 May 2024 (UTC)
4. Please add a paragraph to become the second paragraph of the newly created History section:
Coplan designed Polymarket on the Ethereum blockchain network.[1]
Reason for the change:
The suggested paragraph uses reporting from a reliable media source to describe a fundamental aspect of the company’s founding.
Done Encoded Talk 💬 07:27, 1 May 2024 (UTC)
5. Please move what should now be the fourth paragraph of the newly created History section to become the second paragraph of the History section:
In January 2022, the platform was fined US$1.4 million by the Commodity Futures Trading Commission, alongside receiving a cease and desist order, following regulation violations including not registering as a Swap Execution Facility.[4][5]
Reason for the change:
The event described happens earlier in the company History than the event described in the current third paragraph. Moving it brings the section into chronological order.
Done Encoded Talk 💬 07:27, 1 May 2024 (UTC)
6. Please add a paragraph to become the new fourth paragraph of the History section proposed in item 3:
In May 2022, Polymarket appointed J. Christopher Giancarlo, a former Commissioner of the CFTC, as chairman of its advisory board.[6]
Reason for the change:
The suggested paragraph describes developments in the company’s history that were covered in a prominent news source.
Done Encoded Talk 💬 07:27, 1 May 2024 (UTC)
7. Please replace what should now be the fifth paragraph of the newly created History section:
Events on which bets have been placed included the outcome of the Titan submersible investigation and the likelihood of Russia utilising nuclear weapons.[7]
Done Encoded Talk 💬 07:27, 1 May 2024 (UTC)
Please replace with:
In June 2023, Mother Jones reported that interest around the company reported that interest around the company increased after a tweet about the outcome of the Titan submersible went viral;[8] the premise of the bet was whether or not the submersible would be found by a certain date[8] rather than a wager on the fate of the passengers.[3] Polymarket had over 60 markets available at the time of the submersible wager, including the outcome of the Guatemalan presidential election and the likelihood of Twitter suing Meta, and the likelihood that Russia would use nuclear force.[3]
Reason for the change:
The existing paragraph is missing important chronological detail and is written in the present tense. The suggested replacement uses reporting in highly reputable news sources to place the events in chronological order and expands details around the event.
Done Encoded Talk 💬 07:27, 1 May 2024 (UTC)
Thanks very much for reviewing these suggestions. Mathlover111 (talk) 16:38, 24 April 2024 (UTC) Mathlover111 (talk) 16:38, 24 April 2024 (UTC)
- ^ a b c Jakobson, Leo (20 October 2020). "With $4M round, Polymarket predicts success". Modern Consensus. Retrieved 1 March 2024.
- ^ Pickering, Andy (5 October 2020). "The Information Market – Polymarket lets traders bet on real-world events". Brave New Coin. Retrieved 4 March 2024.
- ^ a b c "A resurgent online betting market is boosted by crypto and current events". NBC News. 2023-07-10. Retrieved 2023-12-13.
- ^ "CFTC Fines Polymarket and Issues a Cease and Desist". Yahoo Finance. 2022-01-04. Retrieved 2023-12-13.
- ^ "Event-Betting Platform Polymarket to Pay $1.4 Million U.S. Fine". Bloomberg.com. 2022-01-03. Retrieved 2023-12-13.
- ^ Natarajan, Sridhar (19 May 2022). "Crypto Betting Service Polymarket Taps Ex-CFTC Head as Chair After Agency Probe". Bloomberg. Retrieved 1 March 2024.
- ^ "A resurgent online betting market is boosted by crypto and current events". NBC News. 2023-07-10. Retrieved 2023-12-13.
- ^ a b Breland, Ali (23 June 2023). "Meet the Internet Gamblers Who Won Big Betting on the Submarine's Fate". Mother Jones. Retrieved 29 February 2024.