Shayne Coplan is having a good year.
Polymarket, the popular prediction market, has been doing really well lately. In fact, it’s been doing so well that Bloomberg is out with a new story that claims the site’s founder, Shayne Coplan, is officially America’s youngest “self-made billionaire,” a term which is quite confusing.
To review, Coplan’s newfound riches are the result of a recent business deal with the owner of the New York Stock Exchange, who has promised to invest billions in the 27-year-old’s company. As such, Coplan has managed to become Silicon Valley’s latest success story, and he is now worthy of a write-up about his supposedly meritocratic rise to fame and fortune. Indeed, Bloomberg’s story, which includes the typical hagiographical details, charts Coplan’s rise from his modest beginnings in a Manhattan apartment building:
A couple of years after dropping out of New York University with dreams of making it big in crypto, Shayne Coplan was so broke that he took an inventory of his Lower East Side apartment so that he could sell belongings to make rent.
