Exchanges· ★★★· neutral·

Polymarket fires CMO Matthew Modabber after internal probe

  • —Modabber joined Polymarket in January 2024 as its 11th employee
  • —Over $2.5M moved through his PayPal, with $350K for undisclosed promos
  • —The review began in 2026 after the Wall Street Journal report in June
  • —A fake webpage with staged profit videos drew CFTC scrutiny
Why it matters: Ousting a senior executive amid a CFTC probe and IPO preparations signals prediction markets are cleaning up their image before going public.
Source: Crypto Briefing
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