The Common Network

Polymarket

Crypto prediction market (Blockratize Inc.); fined $1.4M by CFTC (2022); backed by ICE & Trump Jr.'s 1789 Capital; bets before Iran strikes

Company· New York · in the record since Jan 2022
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● confirmed by a primary document · ○ reported

All 7Ownership 3Roles 1Figures 3

● confirmed by a primary document · ○ reported

Ownership

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Intercontinental Exchange (ICE) agreed in October 2025 to invest up to $2 billion in Polymarket at an approximately $8 billion pre-investment valuation.$2B
Intercontinental ExchangeUp to $2B; ICE also became a global distributor of Polymarket data.
1 source
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Polymarket bought QCEX, a CFTC-licensed derivatives exchange and clearinghouse, for $112 million, its route back into the US market.$112M
2025QCEX
1 source
  • Wikipedia — PolymarketPolymarket announced the acquisition of QCEX, a CFTC-licensed derivatives exchange and clearinghouse, for $112 million.
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Donald Trump Jr.'s firm 1789 Capital invested in Polymarket, and Trump Jr. became an adviser to the company.
20251789 CapitalInvestment amount not disclosed in source.
1 source
  • Wikipedia — PolymarketAt the same time, Polymarket added Donald Trump Jr. as an advisor, whose firm 1789 Capital also invested in the company.

Roles

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Shayne Coplan is Polymarket's founder and CEO.
Shayne Coplan
1 source

Figures

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The CFTC ordered Blockratize, Inc. d/b/a Polymarket to pay a $1.4 million civil penalty in January 2022 for offering unregistered event-based binary options.$1.4M
Paid to the U.S. Commodity Futures Trading Commission.
1 source
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Israeli prosecutors indicted an Air Force reservist (a major) and a civilian accomplice for allegedly using classified information to bet on Polymarket on the start and end dates of Israel's 2025 war with Iran; they allegedly won $162,663 on the bet on the timing of the opening strikes.$163K
Jun 2025Allegation; defendants unnamed under gag order. Charges are against the bettors, not Polymarket. | Review: Clarified which bet the amount refers to
1 source
  • The Times of IsraelThe reservist and a civilian accomplice were indicted last month on severe security offenses after allegedly betting on the start and end dates of Israel’s 2025 war with Iran
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After the FBI raided CEO Shayne Coplan's home in November 2024, the CFTC and Justice Department ended their investigations of Polymarket in July 2025 without new charges.
Nov 2024 to Jul 2025
1 source
  • Wikipedia — PolymarketOn November 13, 2024, the FBI raided Polymarket founder and CEO Shayne Coplan's home and seized his phone.

Topics

Conflicts of interest1