Foresight News
Foresight News|Jun 05, 2026 11:09
[Polymarket CMO Exposed for Paying Over $2.5 Million to More Than 800 Influencers Without Disclosing Paid Promotion Relationships] Foresight News reports, citing Politico, that Polymarket Chief Marketing Officer Matthew Modabber transferred over $2.5 million to more than 800 individuals via his personal PayPal account between January 2025 and February 2026. Among them, approximately 24 identifiable influencers posted Polymarket-related content on the X platform after receiving payments, with a total of over 490 posts, none of which disclosed the paid promotion relationship. The recipients included content creators from various ideological backgrounds, such as conservatives and progressives. Some posts presented Polymarket odds data using news-style language like 'BREAKING' and 'NEW.' In response, a Polymarket spokesperson stated that collaborating with influencers is part of the company's routine business practices but declined to comment on disclosure policies or Modabber's use of a personal account for transactions. The U.S. Federal Trade Commission mandates that influencers are obligated to disclose any 'material connections' with brands they promote.
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