In a report published on November 11, 2026, at 21:04 UTC+8, Foresight News cited a post by 1confirmation founder Nick Tomaino saying the firm had participated in every Polymarket funding round and would continue investing. He said 1confirmation had made an exception to its seed-stage investment mandate to back Polymarket at a later stage.
Tomaino said he sometimes disliked Polymarket’s messaging about tokens, arguing that quietly creating value for users was preferable. He also called the idea that tokens are dead “stupid.” In his view, demand to wager on political, cultural and other events has existed for centuries, while prediction markets could turn trading interest into better information—particularly when young people face difficulty distinguishing truth from falsehood in the AI era.
He argued that Polymarket’s lasting value extends beyond sports predictions to information about politics, geopolitics and culture. He also praised its management team and claimed its U.S. product leads its category and its revenue is reaching new highs. Those assessments and revenue claims are Tomaino’s; the brief report provides no independent evidence for them. His firm’s continuing investment is relevant context when weighing that endorsement.