{"id":316068,"date":"2026-08-07T14:48:42","date_gmt":"2026-08-07T14:48:42","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/316068\/"},"modified":"2026-08-07T14:48:42","modified_gmt":"2026-08-07T14:48:42","slug":"polymarket-bets-on-a-second-floor-at-manhattans-78-crosby-street-commercial-observer","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/316068\/","title":{"rendered":"Polymarket Bets On a Second Floor at Manhattan\u2019s 78 Crosby Street \u2013 Commercial Observer"},"content":{"rendered":"

Predication and betting site Polymarket<\/a> has doubled its footprint at 78 Crosby Street to 12,700 square feet, adding the fifth floor to the space it already leases on the fourth floor.\u00a0<\/p>\n

Polymarket has been headquartered at the Lower Manhattan building since 2023. Its original lease for 6,350 square feet was also extended, with both deals now terminating in a future year that was not disclosed.\u00a0<\/p>\n

SEE ALSO: Barry Gosin Stepping Down as Newmark\u2019s CEO\u00a0<\/a><\/p>\n

The tenant was represented by Emilie Goldman of JLL<\/a>, while property owner Milkystar was represented by Nicholas Judson, Wendy McDonald and Crosby Matthews of Judson CRE<\/a>. The asking rent for the space was $85 per foot as demand for offices in SoHo has continually increased over the past year.<\/p>\n

The fourth floor was previously occupied by a satiric iteration of Enron, the Houston-based energy corporation that became the poster child for accounting fraud and filed for bankruptcy in 2001. The company used the floor in 2025 when it launched the fictitious \u201cEgg\u201d as a self-contained nuclear energy source.<\/p>\n

New York-based Polymarket allows users to bet on the outcome of sports games, the weather, politics and almost anything someone can think of. The 28-year-old founder and CEO, Shayne Coplan, is currently recognized as the world\u2019s youngest self-made billionaire. Since its inception in 2020, Polymarket has raised roughly $2 billion and is now seeking to raise more funds to create a $15 billion valuation.<\/p>\n

In June, Polymarket processed $10.7 billion in trades on its crypto-based international exchange and $3.3 billion on its regulated U.S. exchange. The platform operates under its parent company, Blockratize.<\/p>\n","protected":false},"excerpt":{"rendered":"Predication and betting site Polymarket has doubled its footprint at 78 Crosby Street to 12,700 square feet, adding…\n","protected":false},"author":2,"featured_media":316069,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35],"tags":[119195,119196,119197,75,84,83,9,24,119198,63,83860,119199],"class_list":["post-316068","post","type-post","status-publish","format-standard","has-post-thumbnail","category-manhattan","tag-78-crosby-street","tag-crosby-matthews","tag-emilie-goldman","tag-manhattan","tag-manhattan-headlines","tag-manhattan-news","tag-new-york","tag-new-york-city","tag-nicholas-judson","tag-nyc","tag-shayne-coplan","tag-wendy-mcdonald"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/316068","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=316068"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/316068\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/316069"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=316068"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=316068"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=316068"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}