Polymarket has reportedly fired its marketing chief, also a close friend of the CEO
Summary
Polymarket has fired chief marketing officer Matthew Modabber after an internal investigation into conduct that reportedly included a fake webpage promoting videos of users profiting from fabricated trades. The reported incidents raised investor concerns and are also tied to an ongoing Commodity Futures Trading Commission investigation; no wrongdoing has been proven. The New York Post, citing unnamed sources, said the board viewed Modabber as an obstacle to Polymarket’s efforts to establish a more mature image ahead of a possible IPO. CEO Shayne Coplan, a longtime friend of Modabber, reportedly initially resisted the dismissal before accepting that they should part ways.
