""I think at some point" the Supreme Court will settle the matter," Coplan said."
"Coplan argued that the traditional sportsbooks "all rip off the consumer" and argued that "none of them innovate.""
"Coplan acknowledged in the interview with Axios' Dan Primack that Polymarket doesn't currently make money but said "eventually we're going to take a cut.""
""We've got some stuff in the works that I think will be a great improvement on what's existing," he said."
Polymarket's Coplan said the Supreme Court will eventually resolve legal questions surrounding sports betting. He accused traditional sportsbooks of ripping off consumers and failing to innovate, criticized the patchwork state-by-state regulatory framework, and called DraftKings and FanDuel an American duopoly that limits winning bettors. Polymarket currently does not make money but plans to take a cut in the future. Massachusetts regulators reported 0.64% of bettors face betting limits. DraftKings and FanDuel are launching prediction-market products in some states. Recent gambling scandals raise integrity concerns, and Polymarket intends to introduce measures to combat sports corruption.
Read at Axios
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