I just finished an all-nighter, watched this, and now I’m wide awake—
Polymarket fired its chief marketing officer, Matthew Modabber. He was CEO Shayne Coplan’s childhood friend—they’d been close since high school.
Here’s what happened: In June, The Wall Street Journal revealed that Modabber’s team had built a fake website and used fabricated trading screenshots to make videos showing “users making money” and drive traffic. More than 1,100 videos, $1.9 million in simulated bets, $900,000 in fake profits, and 140 million views across the internet. The CFTC opened an investigation, and there’s still no conclusion.
The board is rushing toward an IPO and thought he’d damaged the company’s image, so they voted to fire him. The most dramatic part was Coplan’s reaction: at first, he was furious and threatened to fire the entire legal team that pushed for Modabber’s dismissal. Later, he finally admitted it: his friend or the IPO—he had to choose one.
A platform where the whole world bets on what’s true or false built its own traffic strategy on an act. Before betting on whether $BTC will rise or fall, maybe ask yourself whether the market is clean.
The comments are open for trading: A: He deserved to be fired—no sympathy; B: Bros for life, through thick and thin.
$BTC #Polymarket
$ETH $SOL #PredictionMarkets
Polymarket fired its chief marketing officer, Matthew Modabber. He was CEO Shayne Coplan’s childhood friend—they’d been close since high school.
Here’s what happened: In June, The Wall Street Journal revealed that Modabber’s team had built a fake website and used fabricated trading screenshots to make videos showing “users making money” and drive traffic. More than 1,100 videos, $1.9 million in simulated bets, $900,000 in fake profits, and 140 million views across the internet. The CFTC opened an investigation, and there’s still no conclusion.
The board is rushing toward an IPO and thought he’d damaged the company’s image, so they voted to fire him. The most dramatic part was Coplan’s reaction: at first, he was furious and threatened to fire the entire legal team that pushed for Modabber’s dismissal. Later, he finally admitted it: his friend or the IPO—he had to choose one.
A platform where the whole world bets on what’s true or false built its own traffic strategy on an act. Before betting on whether $BTC will rise or fall, maybe ask yourself whether the market is clean.
The comments are open for trading: A: He deserved to be fired—no sympathy; B: Bros for life, through thick and thin.
$BTC #Polymarket
$ETH $SOL #PredictionMarkets