🚨 Polymarket just fired it's its CMO @MatthewModabber after he got caught paying influencer to promote FAKE TRADES ! Shayne Coplan tried protect Modabber but the board overruled him. Moddaber organized an influencer promotional campaign using fake bets and undisclosed ads to promote the site. WSJ investigated 1,105 promotional videos from the campaign. It found: - $1.9M in simulated bets presented as real. - 118 videos showing nearly $900K in fake winnings. - Bets that would actually have lost over $166K being shown as winning Moddaber tried to pretend that he had nothing to do with it and the influencers acted on their own But the investigation revealed he personnaly organized it all. - > $350K in payments to fraudulent influencer came from Modabber's personal PayPal account. - anorher $2.5M was sent from his account to 800+ suspected participants of the campaing. - he had Polymarket build a fake copy of its own website to stage the trades This is a BIG blow for Shayne ! Moddaber was his childhood friend and last solid ally at polymarket. Now that Moddaber has been pushed out he's truly alone. And it comes after he just got caught by investors using the company's money to fly private jets and cover personnal expenses. His position has never been weaker. It's clear that investors have lost confidence in him.