Polymarket CEO calls chasing 100x tokens 'irrational exuberance'
- —Coplan calls 100x token chasing 'irrational exuberance' and a game of passing the parcel
- —Polymarket's 7-day volume hit $1.21 billion; Kalshi's reached $2.3 billion
- —Polymarket users favor events with predictable odds over hunting 100x tokens
- —Several US states have taken legal action against Polymarket and Kalshi over sports contracts, with access restricted in some countries
Why it matters: Signals a shift of speculative interest from altcoins toward event markets that already generate comparable volumes.
Source: PANews