Polymarket has reportedly fired its marketing chief, also a close friend of the CEO

Leading decentralized betting platform Polymarket has fired its chief marketing officer, Matthew Modabber, who is also a close friend of the company’s CEO Shayne Coplan, according to the New York Post . The termination happened after an internal probe into several embarrassing episodes, including a reported scheme built on fake trades, that worried investors, the Post said, citing unnamed sources. Per one source, the firm is finalizing a separation agreement. Modabber had been chief marketing officer since January 2024. Polymarket is a prediction market, a platform where users bet on the outcome of real-world events, from elections and sports to the weather and the Oscars. It runs on crypto and blockchain technology. The platform gained notoriety in the run-up to the 2024 U.S.

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