[Bloomberg: Founders Fund Discovered in 2025 That Polymarket CEO Used Company Funds for Personal Expenses] Foresight News reports, according to Bloomberg, that investors in the prediction market platform Polymarket are urging CEO Shayne Coplan to make changes in response to competitive pressure from rival Kalshi. The report states that in 2025, while considering an investment, Founders Fund discovered that Coplan had used company funds to pay for personal expenses such as private jet travel and apartment rent, despite the company having no revenue at the time. Before injecting capital, Founders Fund required Coplan to improve financial controls and repay the related amounts. Currently, Polymarket is facing competitive pressure from Kalshi, which has gained an advantage in terms of trading volume and valuation. Investors hope that Coplan will steer the company toward more mature operations and governance.