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Introduction to Futures Trading

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Polymarket CMO Sent $2.5M+ via Personal PayPal to 800+ People, POLITICO Reports

Enforcement Actions Prediction Market Regulation & Policy

2026-06-06 01:36:37

According to POLITICO, Polymarket CMO Matthew Modabber sent over $2.5 million via personal PayPal to more than 800 people between January 2025 and February 2026. At least $350,000 went to social media creators who promoted the platform on X. POLITICO's investigation found that roughly two dozen of these creators posted approximately 490 times without disclosing they were paid for promotion.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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