Bloomberg: Founders Fund found Polymarket CEO misused company funds before investment talks
- —Coplan used Polymarket funds for personal expenses in 2025
- —Polymarket had no revenue at the time of the review
- —Founders Fund demanded the misused funds be repaid before a deal
- —The fund also required completion of financial-control reforms
Why it matters: The report raises governance questions around Polymarket as major investors show growing interest in prediction markets.
Source: PANews