Polymarket has reportedly fired its marketing chief, also a close friend of the CEO
Matthew Modabber was reportedly ousted after an internal probe of several instances of misconduct, according to the New York Post.
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Summary
- Polymarket fired its chief marketing officer, Matthew Modabber, after an internal investigation into several incidents, including an alleged scheme involving fake trades, The New York Post reported.
- The Commodity Futures Trading Commission is investigating claims that Modabber’s team created a webpage featuring videos of users profiting from fake trades, though no wrongdoing has been proved.
- Polymarket’s board reportedly concluded that Modabber was hindering efforts to improve the prediction market’s image as it considers a potential initial public offering.
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Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
Why it matters:
Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
