Investigative journalist: Polymarket's official founding narrative is inaccurate, with deep ties to Peter Thiel and Israeli interests

Odaily reports that investigative journalist Whitney Webb has published a series of articles on the origins and ambitions of Polymarket, questioning its official founding narrative.

Whitney Webb stated that Polymarket's official claim that "Shayne Coplan founded the company alone in 2020, starting it in a bathroom" is not true. She believes that Polymarket's origins can be traced back to an earlier company, TokenBnk, and that it is linked to a crypto company founded by the nephew and niece of Israeli Prime Minister Benjamin Netanyahu.

Webb also stated that Polymarket is essentially a product of Peter Thiel and his team's attempt to revive the Pentagon's early controversial project, the Policy Analysis Market (PAM). This project was previously cancelled due to controversy, and Polymarket can be seen as its "privatized rebirth."