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

America
“She tryna finesse Polymarket for bread” ~ Drake
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🚨 #BREAKING: Thousands of Polymarket affiliates complaining on social media about being “financially DDOS’d” after their new influencer revshare program rolled out yesterday, with some parters earning thousands of dollars in a single hour.
crydevil
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Our new revshare program is now rolled out to every Polymarket affiliate enrolled in our Dub program. Partners are reporting their email inbox being blown up with unexpectedly high earnings — “help, I am being financially DDOS’d” Many are saying this is the new meta. Enjoy!
Polymarket, this is too much. I’m tired of winning Please, please, Mr. @Polymarket, it’s too much winning.
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LeGate retweeted
Polymarket, this is too much. I’m tired of winning Please, please, Mr. @Polymarket, it’s too much winning.
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LeGate retweeted
my entire monthly pay from x is less than what polymarket’s referral program makes in a day lmao
forget the polymarket airdrop for a second look at this polymarket just launched a revenue sharing program 20-25% commission on prediction market fees and 30-40% on perps if you manage to refer 4 serious traders generating $5k each in fees every month = $20k in total fees at 25% commission, that’s $5k in earnings every month as long as they keep trading definitely a big opportunity
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LeGate retweeted
my first earnings from Polymarket’s new affiliate system. this is just the beginning of something much bigger. exactly what a well-designed affiliate program should look like
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LeGate retweeted
Polymarket knows how to reward loyalty. new swag 🥰🥰🥰:
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LeGate retweeted
POLYMARKET AFFILIATES JUST HIT A NEW LEVEL 🚨 u can now earn revenue share from predictions too not gonna share my numbers, but someone literally told me to start shopping for a Lambo 💀 if u still don't have an affiliate deal, DM me and i'll get u onboarded this is getting crazy
Polymarket affiliates now earn Revenue share on Predictions. 20%+ of the fees your referrals pay on Predictions and Perps. No cap per referral. Biggest upgrade our affiliate program has ever had. Everyone now can earn from the biggest prediction market without limits. My calculations show increase of average affiliate income from 2 to 7x, some even 10x. No better time to join us.
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Narrative violation, but @Polymarket just had its best week ever in terms of volume, revenue and average outstanding OI. Catch me talking about this and the future of institutional and non sports prediction markets this afternoon at @nextpredictio
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#9. Fascinating. @Polymarket
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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.
🚨 BREAKING : Polymarket CEO Shayne Coplan caught using COMPANY MONEY for Private Jets flights. Peter Thiel caught him red-handed using his investment money as a personal wallet. Founders Fund, Peter Thiel's fund, discovered that Shayne had charged the following as company expenses : - private jet flights - apartment rent - designer clothes They immediately demanded a FULL REFUND Shayne was forced to reimburse the money. ICE and Founders Fund then teamed up to push for stronger financial controls They were the one that forced Shayne to appoint a COO. You remember Shayne's ChatGPT written tweet gleefully announcing the hiring of Collin McKinney Hill as COO ? I called it extremely suspicious at the time. Turns out i was right, investors basically forced Shayne to hire him as a soft coup. I don't know how long Shayne can stay in place when their main investors have lost confidence.
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LeGate retweeted
The stakes keep rising. Watch the midterms move on Polymarket.
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Last weekend’s revenue: Polymarket: $9.9m Hyperliquid: $2.64m $HYPE is an $86 billion token 🧐
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LeGate retweeted
Polymarket Events during Token2049 🇸🇬 Oct 7, Wed • @Polymarket Singapore Kick-Off luma.com/polymarketsingapore Oct 8, Thurs • Liquid Fund Dinner @Poly_Perps luma.com/xsh80228 🇸🇬 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!
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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 institutional@polymarket.com. Thank you to Cyril and @DavidSolomon for the intro and recommendation. Onwards.
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LeGate retweeted
Bitcoin up or down? 15 minute crypto up/downs are now live in the Polymarket US app. Let the bull season begin 📈
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LeGate retweeted
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.
Honest post: the Polymarket DeFi CLOB is full of tech debt. It grew fast, got hacked together, and most of the team inherited it that way. Since joining and building out the team, we have scaled it 10x and made it 3x faster, but it’s not enough; the core foundations of how it’s been built are wrong in almost every way. You try to fix one thing, and another thing goes wrong; the conclusion now is that the codebase can’t be saved long-term. The exchange is the heart of Polymarket; everything runs through it. If we want to be the best exchange in the world, it must be fast, stable, and scalable. We can’t keep patching the old one, where these core foundations are generally missing throughout, so we’re rewriting it from scratch in Rust. Early numbers: 10-20x faster on p99 than today, 200,000 orders per second (15x what we have now, with room to reach 400,000+), and stability under load. This will put us faster than most exchanges, including CEXs. Building it in Rust gives us memory safety with no garbage collector. No GC means no random pauses and no random latency spikes; the tail latency in the benchmarks is the tail latency you get in production, alongside a strict compiler that enforces correctness up front. Data races and memory corruption (the bugs that take exchanges down) can’t exist in the first place. Polymarket has to take it seriously that we are an exchange; this is people’s money, not a joke. To succeed, we have to fix this; otherwise, we will fail. It’s as simple as that. I joined to build the best software in the world, not to maintain some of the worst, and I will do everything I can to make Polymarket a serious exchange. We are aiming to have the exchange ready sometime in Q4 (mid to end). I'll communicate progress as we go so you all know the status. Breaking changes will be minimal for all integrators and will be communicated in advance. We will maintain the existing CLOB and keep trying to improve it as we build this side by side. We can’t wait to throw away the existing CLOB; we dislike it as much as you all do. Make Polymarket fast, finally.
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What better way to solve a debate than checking @Polymarket ✍️🚀🫡⚖️📈📠😛🔒 @RealSkipBayless x @ShannonSharpe x @PolymarketSport More to come...
With the legend @RealSkipBayless. Miss you my brotha! On set for our new @Polymarket commercial airing soon. More news coming soon 🤫
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LeGate retweeted
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
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LeGate retweeted
Polymarket US became the #1 finance app in America
Polymarket's US business hit all-time highs in every metric this weekend, and became the #3 app in America. Polymarket US only launched publicly on May 12. Tech is now ready for scale. And scale we shall.
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LeGate retweeted
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.
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