Polymarket CEO Used Company Funds to Pay for Private Jet and Apartment Rent; Founders Fund Demanded Improved Financial Controls and Repayment

Odaily: In 2025, while considering an investment in Polymarket, Founders Fund discovered that the company had no revenue at the time and that CEO Coplan had used company funds to pay for personal expenses including a private jet and apartment rent. Before injecting capital, Founders Fund required Polymarket to improve its financial controls and repay the relevant funds.