[Polymarket CEO Calls Chasing 100x Tokens 'Irrational Exuberance'] Odaily Planet Daily reports that Shayne Coplan, CEO of the prediction market platform Polymarket, stated that chasing tokens with the potential to increase 100-fold constitutes 'irrational exuberance' and a 'musical chairs' game. Some traders attempt to sell before the token prices drop to zero, although a few may accumulate wealth in the process. Coplan noted that Polymarket users are more inclined to participate in trades involving relatively predictable odds rather than searching for the next 100x token. Over the past 7 days, Polymarket's prediction trading volume reached $1.21 billion, while Kalshi's volume during the same period was $2.3 billion. Several U.S. states have taken legal action against Polymarket, Kalshi, or both regarding sports event contracts, and multiple countries and regions have restricted or blocked access to Polymarket. (Cointelegraph)