TheDinarian
News • Business • Investing & Finance
Blockbuster Yale Study: Millions Of Long COVID Patients Might Actually Be Vaccine Injured
February 24, 2025
post photo preview

Authored by Paul D. Thacker via The Disinformation Chronicle,

Yale researchers released a study today that posits millions of Americans thought to have Long COVID may have been misdiagnosed and actually have post-vaccination syndrome caused by exposure to the spike protein in COVID vaccines. Spike protein produced by the Pfizer and Moderna vaccines triggers the body’s immune response, and the FDA claimed in a 2023 Politifact fact check that vaccine spike protein is not toxic and does not linger in the body. However, Yale researchers report that some patients, who were never infected with COVID virus, were sick with post-vaccination syndrome (PVS) and had elevated levels of virus spike protein in their blood up to 709 days after vaccination.

There is considerable overlap in self-reported symptoms between long COVID and PVS, as well as shared exposure to SARS-CoV-2 spike (S) protein in the context of inflammatory responses during infection or vaccination,” noted the study authors.

NIH has poured $1.6 billion into Long COVID research, while ignoring patients harmed by COVID vaccines, causing some well-known patient advocates to hide vaccine injury. After a 13-month battle with Long COVID, Hollywood screenwriter Heidi Ferrer took her own life after deciding death was preferable to another minute in her own “personal hell." Death of the Dawson’s Creek writer made headlines across the media including places such as Peoplethe GuardianVarietyCNNNewsweek, and The Daily Mail—each recounting Ferrer’s struggle with Long COVID.

But in a private video circulating among patient groups and obtained by The DisInformation Chronicle, Ferrer’s husband Nick Guthe stated that Moderna’s COVID vaccine was the final straw, causing Heidi to develop tremors and then internal vibrations when she lay down for bed, so that even prescription sleeping pills would not allow her to sleep.

And that’s when things turned,” Guthe said in the video.

Prominent patient advocate Beth Mazur also committed suicide after a COVID vaccine apparently worsened her struggles with myalgic encephalomyelitis (ME), a chronic illness with many similarities to Long COVID. Mazur co-founded #MEAction for patients with chronic illness. #MEAction reported in early 2021 that a significant number of ME/CFS patients experienced “both new symptoms and long-lasting exacerbations of their pre-existing ME/CFS symptoms” after a COVID vaccine.

Beth was a compassionate advocate for ME/CFS and a fierce advocate for vaccine injury after she experienced this herself sometime before she took her own life,” said one of Mazur’s personal friends who did not wish to be identified. “Having people come after you for vaccine injury is worse than being sick itself. And people can’t handle that. It’s a shroud of shame.”

One of the study’s lead authors, Yale Medical School’s Akiko Iwasaki, previously shot down public concerns about COVID vaccine side effects. When Houston Methodist Hospital staffers sued to avoid the hospital’s coronavirus vaccine mandate in 2021, Iwasaki told the Washington Post that the employees’ fears were “absurd” because “no safety concerns” had been found in the mRNA vaccine clinical trials.

Along with other prominent health experts, Iwasaki also signed a petition supporting the OSHA COVID-19 vaccine mandate which the Supreme Court later blocked.

Several of the study’s findings as well as research the authors cite in their paper have been labeled as false by federal agencies, medical experts, and fact checkers. Because medical journals have been rejecting studies on vaccine side effects, the authors uploaded their paper to the preprint site medRxiv.

Passages from the paper are examined below, as well as “fake fact checks” with false and misleading statements by federal agencies and medical experts that, in the past, called these new scientific findings fallacious. Hyperlinks to research papers cited by the study authors have been added to replace their footnotes.

Yale researchers point out that vaccine injury has not been totally defined and has been labeled both PVS and PACVS. Unlike Long COVID, health authorities do not officially recognize PVS, so patients get little support or care. See passage from paper:

In addition, some individuals have reported post-vaccination symptoms resembling long COVID beginning shortly after vaccination. This condition, sometimes referred to as post-vaccination syndrome (PVS) or post-acute COVID-19 vaccination syndrome (PACVS), is characterized by symptoms such as exercise intolerance, excessive fatigue, numbness, brain fog, neuropathy, insomnia, palpitations, myalgia, tinnitus or humming in ears, headache, burning sensations, and dizziness. Unlike long COVID, PVS is not officially recognized by health authorities, which has significantly limited patient care and support.

Both Long COVID and PVS rely on patient’s self-reported symptoms, which have quite a bit in common. Exposure to the spike protein during infection or vaccination causes inflammation. Various parts of the mRNA vaccine might also be problematic such as the mRNA itself which then creates the spike protein, or the tiny fat globule that encases vaccine mRNA called a lipid nanoparticle.

However, there is considerable overlap in self-reported symptoms between long COVID and PVS, as well as shared exposure to SARS-CoV-2 spike (S) protein in the context of inflammatory responses during infection or vaccination. In susceptible individuals, vaccines may contribute to long-term symptoms by multiple mechanisms. For example, vaccine components, such as mRNA, lipid nanoparticles, and adenoviral vectors, trigger activation of pattern recognition receptors.

The Pfizer and Moderna vaccines create a spike protein that is also called “S protein” or “S1”. See passage from paper:

Secondly, it has been shown that the S protein expressed following BNT162b2 [Pfizer] or mRNA-1273 [Moderna] vaccination circulates in the plasma as early as one day after vaccination.

The virus spike protein has two parts called S1 and S2. These might break down into smaller units called peptides. Some patients with PVS have been found with S protein in their blood cells. In animals, the mRNA vaccine has been found to cross over a membrane and enter the brain. If the mRNA then created spike protein, this could cause neurological problems.

Interaction with full-length S, its subunits (S1, S2), and/or peptide fragments with host molecules may result in prolonged symptoms in certain individuals. Recently, a subset of non-classical monocytes has been shown to harbor S protein in patients with PVS. Further, biodistribution studies on mRNA–LNP platforms in animal models indicate its ability to cross the blood-brain barrier, and the local S expression could result in neurocognitive symptoms.

The researcher report that patients with PVS cited the following symptoms:

The most frequent symptoms reported by participants were excessive fatigue (85%), tingling and numbness (80%), exercise intolerance (80%), brain fog (77.5%), difficulty concentrating or focusing (72.5%), trouble falling or staying asleep (70%), neuropathy (70%), muscle aches (70%), anxiety (65%), tinnitus (60%) and burning sensations (57.5%)

Patients reported symptoms from the vaccines around 4 days, and severe symptoms about 10 days after vaccination.

The median number of days for the development of any symptom was 4 [Interquartile range (IQR): 23 days], while for severe symptoms, it was 10 (IQR: 44 days) post-vaccination.

Patients with PVS had higher levels of spike protein or S1 in their blood.

The results indicated that participants with PVS had significantly higher circulating S1 levels compared with the control group (p = 0.01).

This figure from the paper shows that PVS patients had spike protein or S1 in their blood up to 709 days after they were vaccinated.

PVS and Long COVID share similar symptoms probably from exposure to S protein. Researchers have found the full spike protein and the smaller S1 protein in Long COVID patients. See passage from paper:

Given the similarities between PVS and long COVID symptoms, one hypothesis in the literature is that shared exposure to the S protein may play a role and several groups have independently reported the presence of circulating S1 & full-length S in long COVID using various detection methods.

The highest levels of spike protein were found in PVS patients who had been vaccinated but never infected by COVID virus.

Notably, we observed that the highest levels of detectable S1 in the PVS-I group were the furthest away from the last known exposure and ranging between greater than 600-700 days.

Patients vaccinated with mRNA COVID vaccines and the adenovirus COVID vaccine have shown harm. Patients with PVS had poor health as defined by standardized tests called GHVAS and PROMIS29. Few studies have investigated the cause of PVS, which has no agreed upon definition. See passage from paper:

Post-acute conditions following COVID-19 vaccination have been reported for multiple vaccine platforms including mRNA and adenoviral-vectored vaccines. We observed that the general health status of the PVS participants was far below the general US population average based on the GHVAS scores. The patient-reported outcome scores from the PROMIS29 domains were also indicative of lower quality of life. To date, only a few studies have investigated the immunological mechanisms associated with PVS and no consensus definition of this syndrome exists.

Underlying risk factors for developing PVS are similar for Long COVID. This might be due to problems caused by spike protein, but should be studied further.

The demographics at risk of developing PVS and symptom manifestations are similar to those of long COVID. Whether this reflects overlapping underlying mechanisms such as persistent S protein remains to be determined.

High levels of spike protein in the blood were found in PVS patients who had been infected with the COVID virus and those who had never been infected. This makes sense as spike protein has been found in blood cells. Spike protein has been found in the blood of patients who had myocarditis after COVID vaccination. Because PVS and Long COVID are so similar, the spike protein might be causing the chronic health problems.

By contrast, in our study, significantly elevated levels of circulating S1 and S were observed in a subset of PVS participants both in the infection-naive and infection-positive groups up to 709 days post-exposure. This is in line with the findings of S1 persistence in monocytes in people with PVS. Circulating full-length S has also been detected in cases of post-vaccination myocarditis. Given the striking similarities between long COVID and PVS symptoms, there has been speculation regarding the potential causal role of the persistent presence of spike protein driving the chronic symptoms.

 

More reporting on vaccine side effects in patients to come.

We strongly encourage you to subscribe to The Disinformation Chronicle.

placeholder

Link

community logo
Join the TheDinarian Community
To read more articles like this, sign up and join my community today
0
What else you may like…
Videos
Podcasts
Posts
Articles
⚠️ MAJOR CONFIRMATION DIRECTLY FROM SWIFT ⚠️

‼️MAJOR CONFIRMATION DIRECTLY FROM SWIFT: “WE ARE UPGRADING ISO 20022 DATA FIELDS TO INCLUDE DIGITAL ASSET TRANSACTIONS VIA APIs”‼️

Listen closely.👂👇

Op: Smqkedqg

00:01:31
The EU moved the Digital Euro for the ECB forward (CBDC)

The EU moved the Digital Euro for the ECB forward yesterday on Dec 24 2025, just before Xmas

Same playbook as 1913, when the Federal Reserve Act was passed while Congress & the public were preparing for Xmas.

Monetary reform passes when no one’s watching 👁

00:01:42
Any Of This Sound Familiar?

This is their playbook!

00:02:32
👉 Coinbase just launched an AI agent for Crypto Trading

Custom AI assistants that print money in your sleep? 🔜

The future of Crypto x AI is about to go crazy.

👉 Here’s what you need to know:

💠 'Based Agent' enables creation of custom AI agents
💠 Users set up personalized agents in < 3 minutes
💠 Equipped w/ crypto wallet and on-chain functions
💠 Capable of completing trades, swaps, and staking
💠 Integrates with Coinbase’s SDK, OpenAI, & Replit

👉 What this means for the future of Crypto:

1. Open Access: Democratized access to advanced trading
2. Automated Txns: Complex trades + streamlined on-chain activity
3. AI Dominance: Est ~80% of crypto 👉txns done by AI agents by 2025

🚨 I personally wouldn't bet against Brian Armstrong and Jesse Pollak.

👉 Coinbase just launched an AI agent for Crypto Trading

🚨 Unauthorized withdrawal scare hits popular crypto wallet app; users report missing funds 🚨

Multiple users of the widely-downloaded “CryptoWallet” mobile app (Android >10M installs) claim their balances disappeared overnight, with on-chain data showing outgoing transactions they did not initiate. The developer insists servers were not breached, but community investigators trace stolen seeds to a fake update pushed via Google Play on 20 Dec 2024.

🔑Key points

🔹 Incident window: Suspicious withdrawals began 21 Dec 00:30 UTC; at least 247 addresses affected, total loss 3.4m in BTC, ETH, BNB.

🔹 Attack vector: Malicious update (v4.2.1) injected backdoor that auto-imported mnemonic phrases to attacker-controlled server (IP traced to Eastern Europe).

🔹 Google Play trail: Fake update signed with spoofed certificate; lived on store for 7h 18m before removal; 38k devices auto-updated.

🔹 Victim profile: 82% Android 12-13, no iOS reports; most had biometric login enabled but stored 12-word seed inside ...

🚨 BlackRock warns of volatility as 27B in crypto options expire Friday 🚨

BlackRock’s weekly market commentary flagged “a potential gamma-hedge unwind” with 27.1 billion in crypto options notional set to expire 27 Dec 2024, the largest quarterly expiry on record. The firm notes that 62% of open interest sits in BTC and ETH calls struck above spot, creating a “top-heavy gamma wall” that could amplify moves once dealers adjust hedges post-expiry.

🔑Key points

🔹 Expiry snapshot

  • BTC: 16.3B notional, max-pain 66k, 68% of calls above 70k

  • ETH: 10.8B notional, max-pain 3.4k, 71% of calls above 3.8k

  • 09:00 UTC Friday final settlement on Deribit, CME and OKX

🔹 Dealer positioning: Net short gamma above 68k (BTC) and 3.7k (ETH); delta-hedge long ≈ 47k BTC and 520k ETH that must be sold if strikes expire worthless

🔹 BlackRock model: Scenario-analysis shows a 1.8% intraday swing probability rises to 78% post-expiry vs 42% average; recommends clients reduce delta-one ETF exposure into the event

...

post photo preview

🚨BANKS TAP FED'S REPO FACILITY FOR $17.251 BILLION FRIDAY! 🚨

🚨🔥Is SILVER About to DETONATE the 🏦Global Banking System!?!

With Silver SURGING over $75/oz, we assumed the TBTF bullion banks naked short HUNDREDS OF MILLIONS OF OZ of silver are in a world of hurt this morning, and sitting on $BILLIONS in unrealized losses.

⚡️Based on the $17.251 BILLION in emergency liquidity they just tapped at the Fed's Repo Facility first thing Friday morning, it appears that assumption was SPOT ON: ⚡️

post photo preview
post photo preview
Stellar CEO Reveals Where Real Opportunity Lies in Crypto Market: Details

In a recent tweet, Stellar Development Foundation (SDF) CEO and Executive Director Denelle Dixon defines what "real opportunity" is in blockchain as a new financial future beckons.

The SDF CEO was reacting to a recent Bloomberg report on Bank of New York Mellon Corp (BNY), Nasdaq, S&P Global and iCapital participation in a new $50 million investment round by Digital Asset Holdings. This comes as some of Wall Street’s biggest names embrace the technology that underpins cryptocurrencies to handle traditional assets.

Reacting to this development, Stellar Foundation CEO Denelle Dixon stated that every blockchain investment is a bet on a different financial future. Dixon added that seeing banks explore blockchain technology validates what has been known over the years.

Real opportunity defined

While Wall Street’s biggest names betting on blockchain might be one of the most significant adoption milestones in the digital asset market, Dixon defines what real opportunity is and what it is not.

According to the SDF executive director, real opportunity is not replicating old systems on new rails but rather building open networks that fundamentally expand global finance participation.

"But the real opportunity isn’t replicating old systems on new rails—it’s building open networks that fundamentally expand who gets to participate in global finance. That’s the opportunity," Dixon tweeted.

At the Meridian 2025 event, Stellar outlined its long-term privacy strategy, committing to investing in critical privacy infrastructure and building foundational cryptographic capabilities.

Stellar eyes privacy upgrade

A new protocol upgrade is on the horizon for the Stellar network: X-Ray, which lays the groundwork for developers to build privacy applications on Stellar using zero-knowledge (ZK) cryptography.

The protocol timeline testnet vote is anticipated for Jan. 7, 2026, while the mainnet vote is expected for Jan. 22, 2026.

Source

  🙏 Donations Accepted, Thank You For Your Support 🙏

If you find value in my content, consider showing your support via:

💳 Stripe:
1) Visit http://thedinarian.locals.com/donate

💳 PayPal: 
2) Simply scan the QR code below 📲 or Click Here

🔗 Crypto Donations Graciously Accepted👇
XRP: r9pid4yrQgs6XSFWhMZ8NkxW3gkydWNyQX
XLM: GDMJF2OCHN3NNNX4T4F6POPBTXK23GTNSNQWUMIVKESTHMQM7XDYAIZT
XDC: xdcc2C02203C4f91375889d7AfADB09E207Edf809A6

Read full Article
post photo preview
XDC Network's acquisition of Contour Network

XDC Network's acquisition of Contour Network marks a silent shift to connect the digital trade infrastructure to real-time, tokenized settlement rails.

In a world where cross-border payments still take days and trap trillions in idle liquidity, integrating Contour’s trade workflows with XDC Network Blockchains' ISO 20022 financial messaging standard to bridge TradFi and Web3 in Trade Finance.

The Current State of Cross-Border Trade Settlements

Cross-border payments remain one of the most inefficient parts of global finance. For decades, companies have inter-dependency with banks and their correspondent banks across the world, forcing them to maintain trillions of dollars in pre-funded nostro and vostro balances — the capital that sits idle while transactions crawl across borders.

Traditional settlement is slow, often 1–5 days, and often with ~2-3% in FX and conversion fees. For every hour a corporation can’t access its own cash increases the cost of financing, tightens liquidity that could be used for other purposes, which in turn slows economic activity.

Before SWIFT, payments were fully manual. Intermediary banks maintained ledgers, and reconciliation across multiple institutions limited speed and volume.

SWIFT reshaped global payments by introducing a secure, standardized messaging infrastructure through ISO 20022 - which quickly became the language of money for 11,000+ institutions in 200 countries.

But SWIFT only fixed the messaging — not the movement. Actual value still moves through slow, capital-intensive correspondent chains.

Regulated and Compliant Stablecoin such as USDC (Circle) solves the part SWIFT never could: instant, on-chain settlement.

Stablecoin Settlement revamping Trade and Tokenization

Stablecoin such as USDC is a digital token pegged to the US Dollar, still the most widely used currency for trade, enabling the movement of funds instantly 24*7 globally - transparently, instantly, and without the need for any intermediaries and the need to lock in trillions of dollars of idle cash.

Tokenized settlement replaces multi-day reconciliation with on-chain finality, reducing:

  • Dependency on intermediaries
  • Operational friction
  • Trillions locked in idle liquidity

For corporates trapped in long working capital cycles, this is transformative.

Digital dollars like USDC make the process simple:

Fiat → Stablecoin → On-Chain Transfer → Fiat

This hybrid model is already widely used across remittances, payouts, and treasury flows.

But one critical piece of global commerce is still lagging:

👉 Trade finance.

The Missing link is still Trade Finance Infrastructure.

While payments innovation has raced ahead, trade finance infrastructure hasn’t kept up. Document flows, letters of credit, and supply-chain financing remain siloed, paper-heavy, and operationally outdated.

This is exactly where the next breakthrough will happen - and why the recent XDC Network acquisition of Contour is a silent revolution.

It transforms to a new era of trade-driven liquidity through an end-to-end digital trade from shipping docs to payment confirmation – one infrastructure that powers all.

The breakthrough won’t come from payments alone — it will come from connecting trade finance to real-time settlement rails.

The XDC + Contour Shift: A Silent Revolution

  • Contour already connects global banks and corporates through digital LCs and digitized trade workflows.
  • XDC Blockchain brings a settlement layer built for speed, tokenization, and institutional-grade interoperability and ISO 20022 messaging compatibility

Contour’s digital letter of credit workflows will be integrated with XDC’s blockchain network to streamline trade documentation and settlement.

Together, they form the first end-to-end digital trade finance network linking:

Documentation → Validation → Settlement all under a single infrastructure.

XDC Ventures (XVC.TECH) is launching a Stable-Coin Lab to work with financial institutions on regulated stablecoin pilots for trade to deepen institutional trade-finance integration through launch of pilots with banks and corporates for regulated stable-coin issuance and settlement.

The Bottom Line

Payments alone won’t transform Global Trade Finance — Trade finance + Tokenized Settlement will.

This is the shift happening underway XDC Network's acquisition of Contour is the quiet catalyst.

Learn how trade finance is being revolutionised:

https://www.reuters.com/press-releases/xdc-ventures-acquires-contour-network-launches-stablecoin-lab-trade-finance-2025-10-22/

Source

🙏 Donations Accepted, Thank You For Your Support 🙏

If you find value in my content, consider showing your support via:

💳 Stripe:
1) or visit http://thedinarian.locals.com/donate

💳 PayPal
2) Simply scan the QR code below 📲 or Click Here

🔗 Crypto Donations Graciously Accepted👇
XRP: r9pid4yrQgs6XSFWhMZ8NkxW3gkydWNyQX
XLM: GDMJF2OCHN3NNNX4T4F6POPBTXK23GTNSNQWUMIVKESTHMQM7XDYAIZT
XDC: xdcc2C02203C4f91375889d7AfADB09E207Edf809A6

 

Read full Article
post photo preview
Inside The Deal That Made Polymarket’s Founder One Of The Youngest Billionaires On Earth🌍

One year ago, the FBI raided Polymarket founder Shayne Coplan’s apartment. Now, the college dropout is a billionaire at age 27.

In July, Jeffrey Sprecher, the 70-year-old billionaire CEO of Intercontinental Exchange, the parent company of the New York Stock Exchange, sat at Manhatta, an upscale restaurant in the financial district overlooking the sprawling New York City skyline from the 60th floor. As a sommelier weaved through tables pouring wine, in walked Shayne Coplan—in a T-shirt and jeans, clutching a plastic water bottle and a paper bag with a bagel he’d picked up en route. Sprecher chuckles as he recalls his first impression of the boyish, eccentric entrepreneur: “An old bald guy that works at the New York Stock Exchange, where we require that you wear a suit and tie, next to a mop-headed guy in a T-shirt that's 27.” But Sprecher was fascinated by Polymarket, Coplan’s blockchain-based prediction market, and after dinner, he made his move: “I asked Shayne if he would consider selling us his company.”

Prediction markets like Polymarket let thousands of ordinary people bet on future events—the unemployment rate, say, or when BitCoin will hit an all-time high. In aggregate, prediction market bets have proven to be something of a crystal ball with the wisdom of the crowd often proving itself more prescient than expert opinion. For instance, Polymarket punters predicted that Trump would prevail in the 2024 presidential election, when many national pundits were sure that Kamala Harris would win.

Coplan initially turned down Sprecher’s buyout offer. But discussions led to negotiations and eventually a deal. In October, Intercontinental announced it had invested $2 billion for an up to 25% stake in the company, bringing the young solo founder the balance he was looking for. “We're consumer, we’re viral, we're culture. They’re finance, they’re headless and they’re infrastructure,” Coplan tells Forbes in a recent interview.

At the same time, Coplan announced investments from other billionaires including Figma’s Dylan Field, Zynga’s Mark Pincus, Uber’s Travis Kalanick and hedge fund manager Glenn Dubin. A longtime Red Hot Chili Peppers fan, Coplan even convinced lead singer Anthony Kiedis to invest after a mutual acquaintance brought the musician to Coplan’s apartment one day. “He's buzzing my door, and I’m like, ‘holy shit,'” Coplan recalls, his bright blue eyes widening. “I love their music. A lot of the inspiration [for my work] comes from the music that I listen to.”

Thanks to the deals, Polymarket’s valuation quickly shot to $9 billion, making the 2025 Under 30 alum the world’s youngest self-made billionaire, with an estimated 11% stake worth $1 billion. His reign was short: twenty days later, he was overtaken as the youngest by the three 22-year-old founders of AI startup Mercor.

Young entrepreneurs are minting ten-figure fortunes faster than ever. In addition to the Mercor trio and Coplan, 15 other Under 30 alumni—including ScaleAI cofounder Lucy Guo, Reddit’s Steve Huffman and Cursor’s cofounders—became billionaires this year, while Guo’s cofounder Alexandr Wang and Robinhood’s Vlad Tenev (both former Under 30 honorees) regained their billionaire status after having fallen out of the ranks.

The budding billionaire has long been fascinated by markets and tech. When he was just 14, Coplan emailed the regional Securities and Exchange Commission office to ask how to create new marketplaces. “I did not get a response, but it’s a really funny email,” he says, grinning playfully as he thinks of his younger self. “It just shows that this stuff takes over a decade of percolating in your mind.”

Two years later, Coplan showed up at the offices of internet startup Genius uninvited after multiple emails of his asking for an internship went ignored. At age 16—at least a decade younger than anyone in that office—he secured his first job after making a memorable impression with his “wild curls” and “encyclopedic knowledge of billionaire tech entrepreneurs.” “If he chooses to become a tech entrepreneur, which seems likely, I have no doubt that we’ll be seeing his name again in the press before long,” Chris Glazek, his manager at the time, wrote in Coplan’s college recommendation letter.

Coplan went on to study computer science at NYU, but dropped out in 2017 to work on various crypto projects that never took off. In 2020, he founded Polymarket to create a solution to the “rampant misinformation” he saw in the world: The company’s first market allowed users to bet on when New York City would reopen amid the pandemic. He soon expanded into elections and pop culture happenings, among other events.

But it didn’t take long for the company to butt heads with regulators. In January 2022, Polymarket paid a $1.4 million fine to the Commodity Futures Trading Commission for offering unregistered markets. It was also ordered to block all U.S. users, but activity on Polymarket skyrocketed particularly during the 2024 U.S. presidential election, with bets totaling $3.6 billion. A week after the election, the FBI raided Coplan's apartment and seized his devices as part of an investigation into a possible violation of this agreement. Shortly after, Coplan posted on his X account that he saw the raid as “a last-ditch effort” from the Biden administration “to go after companies they deem to be associated with political opponents.”

In July, the Department of Justice and CFTC dropped the investigations—after which Sprecher reached out to Coplan for dinner—and less than a week later, Polymarket announced it had acquired CFTC-licensed derivatives exchange QCX to prepare for a compliant U.S. launch. QCX applied to be a federally-registered exchange in 2022—an application that was left dormant for three years before receiving approval less than two weeks before the acquisition was announced. When asked about the timing of the deal, Coplan points to CFTC acting chairwoman Caroline Pham, who President Trump tapped to lead the agency in January. “Caroline deserves a lot of credit for getting every single license that had been paused for no reason approved, as acting chairwoman in less than a year,” he says. Coplan had realized an acquisition might be the only way for Polymarket to legally operate in the U.S. as early as 2021 due to the lengthy federal approval process, a source familiar with the deal told Forbes.

Just two months after the acquisition and days after Donald Trump Jr. joined Polymarket’s advisory board, the company received federal approval to launch in the U.S. (Trump Jr. has also served as a strategic advisor to Polymarket’s main competitor Kalshi since January.)

Polymarket’s rapid rise has drawn critics. Dennis Kelleher, co-founder and CEO of Washington-based financial advocacy group Better Markets, told Forbes in an email that the current administration’s deregulation around prediction markets has unlocked a regulatory “loophole” to enable “unregulated gambling” under the CFTC, “which has zero expertise, capacity or resources to regulate and police these markets.” Kelleher added that with backing from the Trump family “who are directly trying to profit on this new gambling den… the massive deregulation and crypto hysteria will almost certainly end badly for the American people.”

Investors and businesses are scrambling to seize the moment of deregulation. “We had opportunities to invest in events markets earlier, but there was a lot of risk,” Sprecher says, listing the regulatory changes in favor of crypto and prediction markets under the current administration. “This was the moment to invest if we wanted to still be early in the space.”

In the last few months, Trump’s Truth Social and sportsbook FanDuel, as well as cryptocurrency exchanges Crypto.com, Coinbase and Gemini all announced their own plans to offer prediction markets. Robinhood CEO Vlad Tenev said prediction markets, which were integrated into its platform in March, were helping drive record activity for the retail brokerage in its third quarter earnings call.

“People are starting to realize right now that the opportunities are endless,” says Dubin, the billionaire hedge fund veteran who invested in Polymarket earlier this year. He points to sports betting companies, which have been regulated by states as gambling activity and taxed accordingly. States like New York can tax up to 51% of sportsbooks’ revenue, but federally-regulated prediction markets can bypass state laws, avoiding taxes and operating in all 50 states. With the realization that prediction markets could upend the sports betting industry—which brought in $13.7 billion in revenue in 2024—businesses are quickly jumping on board despite pushback from state gambling regulators. In October, both Polymarket and Kalshi secured partnerships with sportsbook PrizePicks and the National Hockey League, and Polymarket announced exclusive partnerships with sportsbook DraftKings and the Ultimate Fighting Championship.

The disruption won’t be limited to sports betting. Alongside its investment, Intercontinental’s tens of thousands of institutional clients including large hedge funds and over 750 third-party providers of data will soon have access to Polymarket data, as it gets integrated into Intercontinental’s products such as indices to better inform investment decisions. It also hopes to work with Polymarket to work on initiatives around tokenization—or converting financial assets into digital tokens on blockchain technology—to allow traders on Intercontinental’s exchanges to trade more flexibly at all hours of the day, Sprecher says. What’s more, in November, Google Finance announced it would integrate Polymarket and Kalshi data into its search results, while Yahoo Finance also announced an exclusive partnership with Polymarket.

Despite flashy investors, partnerships and a record $2.4 billion of trading volume in November, Polymarket has yet to launch in the U.S. or turn a profit. Coplan and his investors have hinted at ways the company could make money one day—selling its data, charging fees to users, launching a cryptocurrency token (similar to Ethereum or Bitcoin)—but decline to confirm any specifics. For now, the only thing that’s certain is the bet Coplan is making on himself. “Going for it and having it not pan out is an infinitely better outcome than living your life as a what if,” he says.

Standing across from the New York Stock Exchange building, Coplan tilts his head up as he watches a massive banner with Polymarket’s logo get hoisted onto the exterior of the building. It’s been five years since founding. One year since the FBI raid. He’s taking it all in. “Against all odds,” the bright blue banner reads, rippling in the wind alongside three American flags protruding from the building.

Source

🙏 Donations Accepted 🙏

If you find value in my content, consider showing your support via:

💳 Stripe:
1) or visit http://thedinarian.locals.com/donate

💳 PayPal
2) Simply scan the QR code below 📲 or Click Here

🔗 Crypto Donations Graciously👇
XRP: r9pid4yrQgs6XSFWhMZ8NkxW3gkydWNyQX
XLM: GDMJF2OCHN3NNNX4T4F6POPBTXK23GTNSNQWUMIVKESTHMQM7XDYAIZT
XDC: xdcc2C02203C4f91375889d7AfADB09E207Edf809A6

Read full Article
See More
Available on mobile and TV devices
google store google store app store app store
google store google store app tv store app tv store amazon store amazon store roku store roku store
Powered by Locals