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

Odaily Planet Daily News: Investigative journalist Whitney Webb has released a series of articles investigating the origins and expansion ambitions of Polymarket, questioning its official startup narrative.

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

Webb also claimed Polymarket is essentially an attempt by Peter Thiel and his team to revive the Pentagon's controversial early project, the Policy Analysis Market (PAM). The project was previously canceled due to controversy, and Polymarket can be seen as its "privatized rebirth version."