Polymarket Chief Executive Shayne Coplan has criticized traditional sportsbooks, calling them a ‘scam’ and suggesting they ‘rip off’ consumers.
Speaking at the Axios BFD conference on Tuesday, Coplan said he believed the US Supreme Court would ultimately decide whether the prediction market model, which offers event contracts on sports and cultural events, was legal.
In the interview with Axios business editor Dan Primack, Coplan criticized the differing sports betting laws from state to state. He also criticized the biggest sports betting companies, alleging that they ban or limit the most successful bettors.
Describing some of the biggest sportsbooks in the US, Coplan said, “None of them innovate. They all rip off the consumer, respectfully, not that they’re not fun on game day.”
