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Polymarket CMO sent over $2.5 million as undisclosed influencer posts topped 490

Polymarket CMO sent over $2.5 million as undisclosed influencer posts topped 490

POLITICO reported Matthew Modabber paid more than 800 people via a personal PayPal account from January 2025 to February 2026, including at least $350,000 to creators who later promoted Polymarket on X without clear disclosure.

Fact Check
The POLITICO article directly confirms every specific claim: Matthew Modabber as Polymarket's CMO, payments via personal PayPal account, more than 800 recipients, the January 2025 to February 2026 timeframe, at least $350,000 to influencers, and 490+ undisclosed X posts. The crypto.news report independently corroborates these figures.
    Reference: 12
Summary

Polymarket is facing scrutiny after a POLITICO investigation reported that Chief Marketing Officer Matthew Modabber sent more than $2.5 million from his personal PayPal account to over 800 people between January 2025 and February 2026. The report said at least $350,000 went to social media creators over the 14-month period to promote Polymarket and its prediction-market data, and that at least 20 identifiable influencers later published about 490 Polymarket-related posts on X, mostly without clearly disclosing paid relationships. The findings raise transparency and advertising-compliance questions about whether sponsored online commentary was presented as independent posts.

Terms & Concepts
  • disclosure: A clear statement that content is sponsored or tied to a paid relationship.
  • prediction-market data: Information generated by markets where users trade on the probability of future events.
  • X: Social media platform formerly called Twitter.