Exchanges· ★★★· neutral·

Polymarket fires CMO Matthew Modabber after internal probe into marketing

  • —Modabber, CMO since January 2024, was Polymarket's 11th employee
  • —The review examined staged videos and influencer payments via a personal PayPal account without clear disclosures
  • —The CFTC is scrutinizing a promotion involving a 'fake trade'
  • —Polymarket raised $1 billion at a $21 billion valuation in August, led by 1789 Capital
Why it matters: The executive departure signals Polymarket's shift toward tighter compliance as the CFTC and lawmakers increase scrutiny of prediction markets.
Source: CryptoNinjas
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