1confirmation Partner: Has Participated in All Polymarket Funding Rounds and Will Continue to Increase Investment, Bullish on the Information Value of Prediction Markets

Odaily reports: 1confirmation partner Nick Tomaino posted on X that 1confirmation has participated in every funding round Polymarket has raised to date and has decided to increase its investment once again. Although the fund focuses on seed-stage investments and typically does not participate in later rounds, it believes Polymarket is worth breaking this investment convention.

Nick Tomaino stated that prediction markets have a demand base spanning over a century, with users wanting to place stakes on outcomes in politics, culture, and other events. In the AI era, one of the biggest challenges young people face is distinguishing true information from false, and prediction markets can channel users' trading and investment enthusiasm into more accurate information.

He emphasized that Polymarket's long-term value lies not just in sports betting, but in providing a more effective information discovery mechanism for political, geopolitical, and cultural events. Although the U.S. market is currently dominated by sports trading, information accuracy is where the more enduring value of prediction markets lies.

Additionally, he believes Polymarket's business is continuously upgrading, the current management team is performing excellently, its U.S. market product is at the industry's leading level, and revenue continues to hit new highs. Regarding token plans, he stated that while he did not fully agree with some of the related promotional approaches previously, it would be unreasonable to assert that the token plan has lost its possibility.

Finally, Nick Tomaino said that Polymarket founder Shayne possesses a strong desire to succeed and is one of the most direct and transparent people he has ever known.