Polymarket CEO: Currently operating at a loss, expanding market share is the top priority

Polymarket CEO Shayne Coplan stated in an interview with AXIOS that Polymarket is currently operating at a loss. It's not that we don't like money, but rather that our priority is to create an entirely new market. Our top priority is to grow this market as much as possible and capture as much market share as we can.

Every prediction market actually has a spread, similar to sports betting. Users appear not to pay a fee, but they are paying the spread. However, the spread in the Polymarket market is not taken by the platform; instead, it is distributed to those users who provide liquidity, allowing the order creators to earn.