Polymarket CEO Calls DraftKings, FanDuel ‘Scam Duopoly’ Show

KEY POINTS

•Polymarket CEO Shayne Coplan criticized traditional sportsbooks as scams and lacking innovation at Axios BFD on October 7, 2025.
•Coplan stated Polymarket currently does not make money but expects to take a cut eventually from event contracts gambling.
•He condemned the patchwork of state regulations and accused DraftKings and FanDuel of limiting winning bettors in states like Massachusetts.
•DraftKings and FanDuel are expanding into prediction markets in states where they lack sports betting licenses amid ongoing legal debates.

At Axios BFD on October 7, 2025, Polymarket’s CEO Shayne Coplan dropped a bomb bigger than your fantasy team’s chances, calling traditional sportsbooks a 'scam' that 'rip off' bettors while offering zero innovation. Despite admitting Polymarket’s current money pit status, Coplan promises they'll eventually 'take a cut'—because free rides don’t pay rent. He blasted the 'patchwork' state-by-state gambling regs and the American 'duopoly' of DraftKings and FanDuel, whom he accuses of limiting winners like they’re allergic. Massachusetts Gaming Commission’s 0.64% of bet-limit victims agree. Meanwhile, DraftKings and FanDuel are climbing aboard prediction markets in unlicensed states, playing both sides like a global poker game. Polymarket teases anti-corruption plans to clean up scandals rocking NBA betting integrity. Court drama and betting drama, folks. Popcorn, please.

Share the Story

(1 of 3)

Mockingbird News

@MockingbirdNews · now

Calling sportsbooks a 'scam' while Polymarket admits zero profit sounds like the awkward Tinder bio of the gambling world’s version of a down-on-his-luck hustler.

179/280 charactersReady to post

Mockingbird News

@MockingbirdNews · now

DraftKings and FanDuel limiting winners like grumpy landlords policing their sketchy tenants while Polymarket quietly plots the great betting overthrow.

169/280 charactersReady to post