Polymarket CMO Paid Over $2.5M via Personal PayPal to Influencers Who Promoted Platform on X
A Politico investigation published June 5, 2026, found Matthew Modabber transferred at least $350,000 to content creators between January 2025 and February 2026. Total transfers from the account exceeded $2.5 million.
BenzingaA Politico investigation published Friday, June 5, 2026, reported that Matthew Modabber, Polymarket’s chief marketing officer, sent at least $350,000 to content creators from a personal PayPal account between January 2025 and February 2026. 5 million. The account is registered to an email tied to a salad shop Modabber co-founded, according to the report.
More than 800 people allegedly received payments through the account. Nick Shirley, Riley Gaines, and Brian Krassenstein were among those who received funds, the investigation said. About two dozen creators promoted Polymarket on X after taking payments from Modabber.
Those creators posted at least 490 times without disclosing a paid partnership. Roughly a third of the posts framed shifts in betting odds as “BREAKING” or “NEW” news updates. One anonymous influencer said Polymarket fed them scripts and dictated post timing.
The influencer stated: “They actually told us, ‘This one ...
Transparency
Story details
Related Stories
realitytea.comTrump to Meet AI Executives at White House to Discuss 50% Public Ownership Stake
President Trump said Friday that leading AI company executives will visit the White House next week to discuss giving the American public an ownership stake in AI success. The talks follow private discussions between one executive and a senator over equity thresholds and election…
New York PostSpaceX Launches IPO Roadshow at JPMorgan, Targeting $135/Share Price
Elon Musk joined Jamie Dimon in a virtual interview to open the IPO roadshow. The company plans to sell 556 million shares at $135 each.
thesouthafrican.comHunter Biden Calls Fiat Currency a Sham, Endorses Blockchain as Future
Hunter Biden posted on X that fiat money is a sham and the banking class is corrupt. He added that decentralized digital currency and blockchain technology represent the inevitable future.