Polymarket revealed to have paid influencers at least $350,000 to promote the prediction market, with some content not disclosing commercial partnerships

Odaily Planet Daily News: Prediction market platform Polymarket's Chief Marketing Officer, Matthew Modabber, was found to have paid content creators at least $350,000 through his personal PayPal account between January 2025 and February 2026 to promote Polymarket and its prediction market data.

Reports indicate that Modabber transferred over $2.5 million to more than 800 individuals over 14 months. According to Politico's verification, at least 20 influencers who received payments subsequently posted around 490 pieces of content related to Polymarket on the social media platform X, with most failing to clearly disclose the paid partnership.

The creators involved include conservative commentator Alex LoRusso, political commentator Brian Krassenstein, and Fox News contributor Riley Gaines. Related posts often describe changes in Polymarket's odds as "BREAKING news" or as a barometer of events, aiming to reinforce the public perception of the platform's predictive accuracy.

A Polymarket spokesperson responded that collaborating with content creators is part of the company's standard marketing strategy, intended to provide global users with "the most accurate, transparent, and data-driven market insights." However, the company did not address questions regarding why personal accounts were used for payments or whether the related promotions complied with disclosure requirements.

The report notes that following Trump's election victory, interest in prediction markets surged significantly, and Polymarket's trading volume grew rapidly. As the platform seeks to return to the US market, it is expanding its brand influence through social media and opinion leaders, while also facing scrutiny over information disclosure, market influence, and regulatory compliance. (Politico)