Polymarket Has Reportedly Fired Its Marketing Chief, Also a Close Friend of the CEO
The move follows an internal probe into alleged fake-trades tactics that worried investors as the company prepares for a possible initial public offering.
- Polymarket fired chief marketing officer Matthew Modabber following an internal probe into embarrassing episodes, including a scheme involving fake trades, according to the New York Post.
- Polymarket's board, including CEO Shayne Coplan, Nick Tomaino, Alex Spiro, and a partner at Founders Fund, concluded in recent weeks that Modabber hindered the company's bid to shed its startup image while eyeing a possible IPO.
- Coplan initially resisted the termination due to his high-school friendship with Modabber; an "irate" Coplan reportedly "threatened to fire members of the legal team" before accepting the decision, per the Post.
- The Wall Street Journal previously reported Modabber's team created a fake webpage to feature misleading trade videos, while the Commodity Futures Trading Commission continues an ongoing investigation into the platform.
- One source stated the firm is finalizing a separation agreement with Modabber, as the prediction market continues to navigate regulatory and investor scrutiny.
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Exclusive | Polymarket fires top executive who was closely allied with CEO Shayne Coplan: sources
Matthew Modabber – who has served as Polymarket’s chief marketing officer – has been ousted following an internal probe that began earlier this year over a string of headline-grabbing incidents.
Polymarket Fires Marketing Chief Matthew Modabber Amid Allegations of Deceptive Promotions
Prediction market platform Polymarket has reportedly fired Chief Marketing Officer Matthew Modabber following an internal investigation into controversial promotional practices that attracted regulatory scrutiny and raised concerns among investors. The dismissal was reported by the New York Post on October 22, 2026, citing people familiar with the matter. Modabber had served as Polymarket's marketing chief since January 2024 and was among the co…
Polymarket fired CMO Matthew Modabber following an internal review investigating fake transaction promotion videos and $2.5 million in payments to influencers made from his personal PayPal account.
Matthew Modabber: Polymarket top executive's firing reportedly angered CEO and school friend Shayne Coplan - THE LOCAL REPORT ARTICLES
Matthew Modabber, who served as Polymarket‘s chief marketing officer since 2024, has reportedly been fired after an internal investigation which was launched this year. Modabber was known to be closely allied with CEO Shayne Coplan. Matthew Modabber, the chief marketing officer for Polymarket, has reportedly been fired. (Linkedin/Matthew Modabber) Modabber’s firing is part of the ...
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