1confirmation Partner Nick Tomaino Says Firm Joined Every Polymarket Funding Round and Will Invest More, Citing Prediction Markets’ Information Value

1confirmation partner Nick Tomaino said the fund has participated in every Polymarket funding round to date and plans to increase its investment again. According to Odaily, although 1confirmation focuses on seed-stage deals and generally avoids later rounds, Tomaino said the fund considered Polymarket worth making an exception for. Tomaino said demand for prediction markets has existed for more than a century, with users seeking to wager on political, cultural and other events. He said one challenge for young people in the AI era is determining whether information is true, and that prediction markets can turn users’ trading and investment interest into more accurate information. He said Polymarket’s long-term value extends beyond sports betting to providing a more effective way to discover information about political, geopolitical and cultural events. While sports trading currently dominates the U.S. market, he said information accuracy is the more lasting value of prediction markets. Tomaino said Polymarket’s business continues to develop, its current management team is performing well, its U.S. product ranks among leading offerings, and revenue continues to set records. On a possible token plan, he said he had reservations about some related promotional approaches but said it was unreasonable to declare the plan no longer possible. Tomaino described Polymarket founder Shayne as highly motivated to succeed and one of the most direct and transparent people he knows.