Key Takeaways Shayne Coplan, the CEO of Polymarket, a blockchain-powered prediction market, said the outcome of Tuesday's election was a "vindication" of the platform's predictive power.Nearly $3.7 billion worth of contracts tied to the outcome of the presidential election were traded on Polymarket this year.

The vast majority of Polymarket users have lost money on the prediction market platform, fueling profits for a small sliver of whales.