News & Updates
The latest news and updates from companies in the WLTH portfolio.
Polymarket Referral Code COVERS: Claim $25 Bonus for Ole Miss vs. Texas Prediction Markets
Use Polymarket referral code COVERS for a $25 trading bonus ahead of Ole Miss vs. Texas on Saturday in Austin's SEC showdown. Polymarket referral code COVERS unlocks a $25 trading bonus for new users looking to get in on the action surrounding Saturday's SEC matchup between No. 7 Ole Miss and No. 19 Texas in Austin. A code is required to claim this offer, and it must be entered during sign-up. As of Oct. 24, new users can deposit $10 and claim a $25 trading bonus on one of the best prediction market apps available today. Polymarket referral code details How the Polymarket Referral Code Works for Ole Miss vs. Texas Claiming the Polymarket promo code offer starts with entering COVERS during registration. The platform requires this code for new accounts, and it cannot be applied retroactively once an account has already been created. After signing up, users must deposit at least $10 and complete a qualifying trade on an eligible market, which could include outcomes tied to Saturday's Ole Miss vs. Texas game in Austin. Here are the key terms to know before signing up: * Available in all U.S. states except Nevada * Requires a minimum deposit of $10 * Code COVERS must be entered at sign-up * Identity verification is required, including a photo ID and selfie * Bonus funds carry a 1x playthrough requirement before withdrawal For example, a trader who places $10 on a market tied to the Ole Miss vs. Texas outcome and sees that position resolve favorably would keep the profit once the $25 bonus playthrough is satisfied. If the trade resolves unfavorably, the $25 bonus remains available to use on another eligible market. Users can also explore the Polymarket referral code program to earn additional rewards by inviting others. For a broader look at how this offer stacks up, check out this breakdown of the best prediction market promos available right now. Claim your Polymarket welcome offer and check out expert predictions for Mississippi Rebels at Texas Longhorns Polymarket traders can find Mississippi Rebels vs. Texas Longhorns picks to inform their positions on a marquee SEC showdown featuring split expert opinion on the spread and outright winner. * Rob Paul backs Texas to cover at 50%, reasoning that the Longhorns should be favored by more than a field goal at home, citing their third-ranked national defense by net adjusted EPA per play as enough to slow Trinidad Chambliss and win decisively. * Chris Gregory takes Ole Miss to cover at 52%, arguing that the Rebels have dominated since their bye week, outscoring ranked opponents by wide margins, while Texas has dropped back-to-back games and ranks 89th in yards per play, leaving the Longhorns unable to keep pace in what he expects to be a shootout. Best Polymarket prediction market trading offers Check out all trading offers and market boosts for today. What Is the Polymarket Referral Code? The Polymarket referral code is COVERS. Enter it at signup, deposit at least $10, and complete an eligible real-money trade to unlock a $25 trading bonus. Use the correct code for your state Steps to Claim the Polymarket Referral Code Signing up to trade on Saturday's Ole Miss vs. Texas matchup takes just a few minutes. Follow these steps to get started. * Click a verified link on this page and select "Sign Up." * Enter code COVERS during registration and verify your email. * Complete identity verification with a valid photo ID. * Deposit at least $10 using a debit card, bank transfer, or crypto. * Place a qualifying trade on an eligible market, such as one tied to Ole Miss vs. Texas. * Receive your $25 trading bonus once requirements are met. Read this Polymarket review for more details before signing up. Affiliate Disclosure: Our team of experts has thoroughly researched and handpicked each product that appears on our website. We may receive compensation if you sign up through our links. Pages related to this topic
Polymarket Promo Code COVERS: Get $25 Trading Bonus for Ole Miss vs. Texas
Claim the Polymarket promo code COVERS for Ole Miss vs. Texas Saturday and trade on the SEC showdown in Austin with a $25 bonus offer. Polymarket promo code COVERS unlocks a $25 trading bonus for new users ahead of Saturday's SEC clash between No. 7 Ole Miss and No. 19 Texas in Austin. No code is technically mandatory, but entering it during signup is the only way to secure the bonus tied to this offer. As of Oct. 24, eligible users can deposit $10 and get a $25 trading bonus before trading on the matchup through one of the best prediction market apps available right now. Polymarket promo code details How the Polymarket Promo Code Works for Ole Miss vs. Texas New users who want to get involved in Saturday's Ole Miss vs. Texas matchup can take advantage of this limited-time welcome offer by using the Polymarket promo code COVERS during registration. The process requires a minimum deposit of $10 and verified proof of identification before the $25 trading bonus becomes available. Once active, users can place trades on markets tied to the Ole Miss vs. Texas game or any other eligible event on the platform. Here's how the mechanics could play out with a trade on Saturday's game. If a user trades on an outcome tied to the matchup and that outcome resolves in their favor, the position pays out according to the market's final odds, and any profit above the 1x playthrough requirement becomes withdrawable cash. If the trade does not resolve favorably, the funds used from the bonus are simply absorbed into that outcome, with no further obligation attached. * Deposit minimum: $10 * Bonus amount: $25 trading credit * Code required: Yes, COVERS * ID verification required at signup * Not available to users in Nevada Users who later want to invite friends can do so through Polymarket's separate Polymarket referral code program. For a broader look at how this offer stacks up, check out this comparison of best prediction market promos available today. Claim your Polymarket welcome offer and check out expert predictions for Mississippi Rebels at Texas Longhorns Polymarket traders can find Mississippi Rebels vs. Texas Longhorns picks to inform their positions on a marquee SEC showdown featuring split expert opinion on the spread and outright winner. * Rob Paul backs Texas to cover at 50%, reasoning that the Longhorns should be favored by more than a field goal at home, citing their third-ranked national defense by net adjusted EPA per play as enough to slow Trinidad Chambliss and win decisively. * Chris Gregory takes Ole Miss to cover at 52%, arguing that the Rebels have dominated since their bye week, outscoring ranked opponents by wide margins, while Texas has dropped back-to-back games and ranks 89th in yards per play, leaving the Longhorns unable to keep pace in what he expects to be a shootout. Best Polymarket prediction market trading offers Check out all trading offers and market boosts for today. What Is the Polymarket Promo Code? The Polymarket promo code is COVERS. Enter it at signup, deposit at least $10, and complete an eligible real-money trade to unlock a $25 trading bonus. Use the correct code for your state How to Claim the Polymarket Promo Code Signing up and placing a qualifying trade on the Ole Miss vs. Texas game takes just a few minutes. Follow these steps to get started. * Register through a verified link and enter promo code COVERS at signup. * Complete identity verification by submitting a photo ID and matching selfie. * Deposit at least $10 using a debit card, bank transfer, Apple Pay, or crypto. * Place a qualifying trade on the Ole Miss vs. Texas market or another eligible event. * Receive the $25 trading bonus once requirements are met and start trading. Read this full Polymarket review for more details before signing up. Affiliate Disclosure: Our team of experts has thoroughly researched and handpicked each product that appears on our website. We may receive compensation if you sign up through our links. Pages related to this topic
Polymarket Contract Shows $ANT Leading Anthropic Ticker Market | TokenPost
The contract showed $ANTH at 27% and listed $157,941 in total volume. Anthropic has not announced an IPO date or ticker. A Polymarket contract on Anthropic's eventual public ticker showed $ANT at 50.4% at 4:13 p.m. ET (20:13 UTC) Oct. 24, above $ANTH at 27%. The contract listed $157,941 in total volume. Its probabilities reflect trading on which ticker Anthropic may use if it lists; they do not establish a date, offering terms or that Anthropic will choose either symbol. Anthropic has not announced a listing date or public-market symbol. On June 1, 2026, Anthropic PBC said it had confidentially submitted a draft Form S-1 registration statement to the SEC for a proposed offering. The company said the number of shares and offering price had not been set, and that any offering depends on SEC review and market conditions. The ticker contract asks which symbol Anthropic might select, a separate question from whether an IPO takes place. TokenPost previously covered prediction-market odds for an Anthropic IPO in November.
Special Forces soldier allegedly uses classified mission details to bet on Polymarket and wins $400,000. Then the Pentagon issues a new ban
Defense Secretary Pete Hegseth has issued a new ban that prevents military personnel and Pentagon civilians from using nonpublic information to place bets on prediction markets. According to ABC News, the move comes after a series of incidents involving government employees and service members utilizing classified details for personal financial gain. A memo by Hegseth explicitly forbids the use of both classified and unclassified but private information for transactions on platforms like Polymarket and Kalshi. The core concern here is operational security. Hegseth pointed out that U.S. adversaries are paying close attention to these markets. When a service member or intelligence professional places a financial bet on a military outcome, they are essentially creating a signal that foreign intelligence services can track. By monitoring these patterns, outside actors might be able to anticipate American military movements or the timing of sensitive operations. This is a massive security risk that the Pentagon is no longer willing to tolerate. One case that triggered the change involves Master Sgt. Gannon Ken Van Dyke Back in April, the 38-year-old Special Forces soldier was charged by federal prosecutors and regulators. Master Sgt. Gannon Ken Van Dyke stands accused of using his position to gain classified insights into the operation to capture then-Venezuelan President Nicolás Maduro. Van Dyke allegedly placed bets totaling more than $32,500 on the outcome of that mission. The federal complaint states that he placed these wagers between December 30 and January 2. Most of these bets occurred on the night of January 2, just hours before missiles struck Caracas. Through these actions, he reportedly walked away with more than $400,000 in winnings. Van Dyke has pleaded not guilty to charges including wire fraud, commodities fraud, and misuse of confidential government information. Hegseth emphasized the danger of these activities in his recent memo. He noted, "Beyond operational security, financial stakes can warp judgment." He went on to explain that a logistician with money tied to a specific strike date has a personal interest in that date. Similarly, an analyst with a position on an outcome has a direct interest in that outcome. This kind of personal stake can compromise the focus and integrity required for military duties. "We are restoring lethality, discipline, and singular focus on fighting and winning our Nation's wars, and nothing should distract us from that sacred mission," Hegseth wrote, per Stars and Stripes. The Secretary of Defense added, "Not entertainment. Not a payout." The directive is clear that violators could face serious consequences They may be subject to administrative punishment, disciplinary action, or even criminal prosecution under the Uniform Code of Military Justice or federal law. The order also covers transactions made indirectly through third parties, closing a potential loophole for those who might try to hide their tracks. While federal rules already barred government personnel from using inside information for personal profit, this memo specifically reinforces those prohibitions in the context of modern prediction markets. The issue is not limited to the Pentagon. Other government entities have faced similar scrutiny regarding prediction markets. For instance, a group of new accounts on Polymarket made highly specific and well-timed bets on whether the U.S. and Iran would reach a ceasefire in April. These bets were placed just before President Donald Trump announced the news, resulting in significant profits for the accounts involved. The White House responded by warning staff against using private information to trade on such platforms. Additionally, Kalshi recently fined and suspended three congressional candidates who reportedly wagered on the outcome of their own elections during the month of April. Prediction markets allow sensitive information to be monetized Hegseth's memo serves as a warning to all Department of Defense personnel that their financial activities are under the microscope. When asked about the new policy, a defense official stated that the Pentagon had no other information to offer beyond what was already in the memo. The October 20 memorandum to senior Pentagon leaders and combatant commanders highlights the seriousness of the entire situation. "Make no mistake why this matters. Our enemies watch movements in these markets," Hegseth wrote. This is a clear signal that the days of using inside government knowledge to play the markets are over for those in uniform.
Anthropic targets November IPO as Polymarket traders bet on $ANT ticker
The Claude maker is reportedly aiming to list before Thanksgiving, and prediction market traders are already arguing over its three-letter name Anthropic is reportedly lining up a public debut for mid-November 2026, with a goal of trading before the US Thanksgiving holiday on November 26. The company has not announced a ticker symbol yet. Prediction market traders have settled on a favorite anyway. Polymarket traders give Anthropic a 65% chance of trading under $ANT, putting a number on a guessing game that Wall Street usually plays over drinks. What Anthropic is reportedly planning Anthropic PBC, the AI company started by former OpenAI executives, reportedly filed a draft S-1 registration with the SEC on June 1, 2026. An S-1 is the disclosure document a company files before selling shares to the public. A draft filing does not lock in a date. The current November window replaces an earlier September target that slipped. The valuation talk is where things get dizzying. Market expectations put a possible valuation somewhere between $1.5 and $2 trillion. At the top end, that could put Anthropic in the same league as SpaceX's market cap. The size of the raise is just as ambitious. The company's fundraising could reportedly land between $75 and $100 billion. The numbers behind the pitch Anthropic's 2025 revenue is estimated at approximately $4.6 billion, up from $386 million in 2024. The other side of the ledger is less flattering. Anthropic has reportedly booked significant net losses, including a $42 billion figure attributed to accounting adjustments. Accounting adjustments can swing reported losses without reflecting cash leaving the building. Still, a loss that size will be one of the first things prospective shareholders scrutinize once a full prospectus is public. The ticker trade on Polymarket Polymarket lets traders put money on the outcome of real-world events, from elections to which three letters an AI lab picks for its stock. Sentiment on $ANT has moved around. As of October 24, 2026, Polymarket showed $ANT as the leading option with roughly 44% probability. The latest read cited by traders puts it at 65%. The company has not confirmed any symbol. Why the timing is tricky The calendar is doing Anthropic no favors. Filing adjustments may hinge on market conditions and political timing around the US midterm elections. Thanksgiving creates its own deadline. Trading volume tends to thin out around holidays, so a listing pushed past late November could easily drift into the next year. The company has already moved the date once. Background: how Anthropic got here Anthropic was founded by people who left OpenAI, and it operates as a public benefit corporation, which is what the PBC in its legal name refers to. Its revenue curve, from $386 million in 2024 to approximately $4.6 billion in 2025, tracks the broader rush of corporate spending on AI tools. What this means for investors and the AI trade For public market investors, the main event is access. Pure-play AI model developers have largely been off-limits to anyone outside venture rounds and private deals. A listing of this size would change that, and the raise of $75 to $100 billion indicates how much capital Anthropic expects to absorb. The valuation is the central risk. A $1.5 to $2 trillion price tag on a company with approximately $4.6 billion in estimated revenue implies investors are paying for growth that has not happened yet. Once the full S-1 becomes public, investors will be able to separate the accounting-driven portion of the $42 billion figure from the cash the business actually burns. For prediction market traders, the ticker bet resolves the moment Anthropic names its symbol. The gap between 44% in late October and 65% now reflects how quickly sentiment can move when a big listing gets close. The things to watch are straightforward: a public S-1, a confirmed exchange and ticker, a final price range, and whether the November target survives the midterms.
Eric Schmidt Rejects AI Bubble Fears, Says Anthropic Is Growing Twice as Fast as Google Did
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Former Google CEO Eric Schmidt says artificial intelligence "is not a bubble," pointing to Anthropic's explosive revenue growth as evidence that customers are paying for technology they find useful. "When I was CEO at Google, we set the revenue growth record. They smashed it more than twice the speed as we did," Schmidt told Nicolai Tangen, head of Norway's sovereign wealth fund, on the In Good Company podcast. "That's real growth there. It's not fake. It's real money with real customers who are paying for something useful in their eyes." Schmidt, who led Google, now part of Alphabet Inc., from 2001 to 2011, did not specify how he calculated the comparison. He also has a substantial financial interest in Anthropic's success. Bloomberg reported that Schmidt owns about 1% of the company, a stake potentially worth $15 billion to $20 billion at valuations discussed ahead of its anticipated IPO. Anthropic's Growth Comes With Enormous Costs Anthropic told prospective investors that third-quarter revenue jumped 45% to $16.8 billion, up from $11.6 billion in the previous quarter and $4.7 billion in the first, Reuters reported. The company also told investors it was profitable on an adjusted basis, although revenue growth slowed after more than doubling between the first and second quarters. A draft IPO prospectus reviewed by Reuters revealed an $80.7 billion net loss in the first half of 2026, including a $72 billion noncash accounting charge tied to convertible financing. Anthropic spent nearly $9 billion on computing and infrastructure during those six months and has committed at least $518 billion over a decade. China Could Win the AI Race on Users Schmidt warned that Western AI companies could lose the global battle for customers even if they continue building more advanced models. He estimates Chinese models are about six months behind their American rivals, but believes free alternatives could dominate in poorer countries. "If you define losing as users, the vast majority of the world will use the free Chinese models rather than the more expensive Western models," he said. That raises a question for Anthropic and its rivals: how much of the global demand for AI can they convert into paying customers? Polymarket Traders See Limited Risk of a 2026 Bust On Polymarket, traders assign 9% odds of an AI-industry downturn by Dec. 31, with nearly $2.5 million traded. The contract requires three specified events within a single 90-day period, including potential triggers such as Nvidia Corp. falling 50% from its all-time high or Anthropic or OpenAI declaring bankruptcy. Those conditions measure a severe industry downturn, not whether AI stocks are overvalued. Concerns about AI spending have already weighed on infrastructure providers, with CoreWeave Inc. recently hitting a 52-week low amid mounting AI debt concerns. Image: Shutterstock Building Wealth Across More Than Just the Market Building a resilient portfolio means thinking beyond a single asset or market trend. Economic cycles shift, sectors rise and fall, and no one investment performs well in every environment. That's why many investors look to diversify with platforms that provide access to real estate, fixed-income opportunities, precious metals, and even self-directed retirement accounts. By spreading exposure across multiple asset classes, it becomes easier to manage risk, capture steady returns, and create long-term wealth that isn't tied to the fortunes of just one company or industry. 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Polymarket Fires CMO After Internal Review of Promotional Practices | TokenPost
The review began earlier this year after a series of events prompted investor concerns. Polymarket has fired Matthew Modabber, its chief marketing officer, after an internal review of promotional practices that began earlier this year amid investor concerns over a series of events. The internal review began after those events prompted concern among Polymarket investors. It focused on promotional practices at the company, putting its marketing activity at the center of the inquiry. Modabber's dismissal followed the review, connecting its focus with a change in the executive role responsible for marketing. Modabber was close to CEO Shayne Coplan. The firing marks a leadership change after a company review prompted by investor concerns. Those concerns followed a series of events, while the review examined the company's promotional practices. Polymarket is a prediction-market platform. The firing ties its marketing leadership to the internal review that preceded Modabber's departure.
Polymarket X account withheld in India after legal demand
Polymarket's official X account is now inaccessible in India. Users see X's standard "withheld in response to a legal demand" notice instead of the account's profile and posts. The account remains accessible in other regions. The restriction was first observed on October 22, 2026, approximately five months after Indian authorities took action against the Polymarket website. What happened: Neither the Indian government's Ministry of Electronics and Information Technology (MeitY) nor Polymarket has publicly explained the legal basis for the latest order. X has previously complied with Indian orders under Section 69A of the Information Technology Act, 2000, which allows authorities to block entire profiles. This action appears consistent with that practice. The Legal Framework Behind It The restrictions stem from the Promotion and Regulation of Online Gaming Act, 2025, which received presidential assent in August 2025. MeitY issued the implementing rules on April 22, 2026, which took effect on May 1. The law prohibits online money games, defined as activities in which individuals stake or deposit money with the expectation of financial returns, regardless of whether the outcomes depend on skill or chance. It also restricts related advertising and facilitation. E-sports and certain social or educational games are permitted, subject to registration and safety requirements. Indian authorities classify prediction markets as prohibited. Timeline of Restrictions on Polymarket * April 25, 2026: A MeitY advisory named Polymarket among platforms already blocked under Section 69A. It warned VPN providers and intermediaries against enabling access. The advisory also noted that some users were converting rupees into stablecoins such as USDC to participate despite the ban. * May 21-22, 2026: Internet service providers implemented DNS-level blocks on polymarket.com. Measurements on major Indian networks showed that DNS queries returned sinkhole addresses. Where the domain resolves correctly, the site still responds. * October 22, 2026: The withholding of Polymarket's X account in India was first observed. Polymarket has not included India on its list of geo-restricted countries. However, the report states that the company's automated responses previously confirmed that access from India was restricted in May 2026 because of local gaming regulations. Wider Enforcement The Online Gaming Authority of India has instructed app stores, payment providers and telecom operators to disable money games and related promotions. Most domestic opinion-trading platforms have removed their real-money offerings. Kalshi now lists India as a restricted jurisdiction, and some activity has reportedly shifted to crypto-settled venues. MeitY has emphasised that intermediaries facilitating prohibited services risk losing safe-harbour protection under Section 79 of the IT Act. Crypto on-ramps in India remain costly, with a 30% tax on gains and 1% tax deducted at source (TDS) on transfers.
Hegseth bans troops from betting military operation with Polymarket
Oct. 23 (UPI) -- Defense Secretary Pete Hegseth has banned all Pentagon personnel from using nonpublic information to bet on U.S. military operations under threat of administrative, disciplinary and possibly criminal action. The ban applies to the use of both classified or unclassified nonpublic information and all financial platforms, including Polymarket and Kalshi, both prediction market platforms, according to a memo dated Tuesday and obtained by CBS News. "Make no mistake why this matters. Our enemies watch movements in these markets. When an American service member, intelligence professional or other department civilian engages in a financial transaction on a military outcome, they create a signal. That signal can be aggregated, correlated and exploited by hostile foreign intelligence services to anticipate our movements, targets and timing," Hegseth said in the three-paragraph memo. "The lives of our service members often depend on the enemy not knowing what is coming. The men and women who carry our flag into harm's way deserve a force that protects them -- not one that exposes them to the enemy for personal gain." Hegseth added that financial stakes in military operations could warp judgement, stating a logistician who bets on the date of a strike would have an interest in that date. "That is precisely the kind of dilution of the warrior ethos this department has strived to eradicate under this administration," he said. "We are restoring lethality, discipline and singular focus on fighting and winning our nation's wars, and nothing should distract us from that sacred mission. Not entertainment. Not a payout. Every member of this department will conduct themselves accordingly." Prediction markets, such as Polymarket and Kalshi, have surged in popularity in recent years, allowing users to make wagers on seemingly anything, from who will win the Super Bowl to when the war between Russia and Ukraine will end. In April, the Justice Department charged Gannon Ken Van Dyke, a U.S. Army Special Forces soldier who participated in the capture of Venezuelan leader Nicolas Maduro in January, with using classified information about the operation to make bets on Polymarket. The indictment alleges that Van Dyke was involved in the planning and execution of the operation from about Dec. 8 and placed 13 bets valued at a combined $33,034 concerning U.S. military involvement in Venezuela in late December. Federal prosecutors allege that Van Dyke profitted $409,881 from his bets concerning the Jan. 3 military operation.
Matthew Modabber: Polymarket top executive's firing reportedly angered CEO and school friend Shayne Coplan - THE LOCAL REPORT ARTICLES
Matthew Modabber, who served as Polymarket's chief marketing officer since 2024, has reportedly been fired after an internal investigation which was launched this year. Modabber was known to be closely allied with CEO Shayne Coplan. Modabber's firing is part of the latest upheaval the prediction market giant is facing, as per The New York Post. While Modabber was close to the CEO, his ouster comes amid a series of headline-grabbing incidents, which sparked worries among Polymarket shareholders. This includes a reported scheme where Modabber's team allegedly built a fake website in order to promote staged videos of users making money off of phony trades. The Wall Street Journal uncovered this in June and it triggered an investigation by the Commodity Futures Trading Commission. However, the probe remains ongoing with no wrong-doing established yet. At the time WSJ had reported on the incident, Polymarket had said it was 'committed to maintaining accurate, fair, and transparent market.' Who is Matthew Modabber? As per Modabber's LinkedIn page, he was employee number 11 at Polymarket. He reportedly helped build the company's daily volume from $300,000 to "mid 9-figure daily volume via digital growth hacks". Modabber also claimed to have 'Built and led a 50+ person team across marketing, partnerships, and growth.' Matthew Modabber and Shayne Coplan's relationship in focus An insider told The Post that Polymarket is working on Modabber's separation agreement and both sides have mutual respect for one another. His closeness to the 28-year-old Coplan, has reportedly made matters more complicated. People who spoke to the publication described the outgoing executive as some one who made impulsive decisions which turned into nightmares for public relations. However, disciplining him had been tricky due to the 'buddy-buddy' relationship with Coplan. The two were friends at Beacon School, a prestigious public school in Manhattan's Hell's Kitchen neighborhood. As per the Post, the two were 'thick as thieves' when Polymarket rose to fame - offering users a chance to bet on anything, from the Oscars to the weather. Coplan was reportedly 'irate' and even threatened to terminate members of the legal team which pushed for Modabber's firing. However, the CEO later conceded that parting ways with his school friend and chief marketing officer was best for Polymarket. The company board, comprising of Coplan, crypto investor Nick Tomaino, powerful corporate lawyer Alex Spiro and an unidentified partner at Peter Thiel's investment firm Founders Fund, decided that in recent weeks Modabber was getting in the way of Polymarket trying to shed its image of a startup, as it eyes a possible IPO.
Polymarket has reportedly fired its marketing chief, also a close friend of the CEO
Polymarket, a well-known online prediction market platform, has reportedly made the significant decision to terminate the employment of its marketing chief, who is not only responsible for overseeing the company's branding and promotional strategies but is also described as a close friend of the company's CEO. This development may raise questions about the reasons behind the dismissal and its potential implications for the company's marketing direction and overall leadership dynamics.
Polymarket fires chief marketing officer after internal investigation
Matthew Modabber is out after a probe into marketing practices that worried investors, as the prediction market prepares for a more buttoned-up era Polymarket has fired its chief marketing officer, Matthew Modabber, following an internal investigation into incidents that raised concerns among the company's investors. The company is reportedly working toward a more professional corporate image as it weighs a potential initial public offering. What the investigation found The internal review began earlier in 2026. It centered on marketing practices that set off alarms among investors. Two issues stand out. The first involves a fake webpage that promoted staged videos showing traders making profits. The second concerns money flows. More than $2.5 million was routed through Modabber's personal PayPal account, according to the research. At least $350,000 of that reportedly went to content creators for promotional posts that did not carry the required disclosures. The Wall Street Journal first reported on the practices in June 2026. The fake webpage has been linked to an investigation by the Commodity Futures Trading Commission, which the research describes as ongoing. Polymarket has not faced any formal regulatory finding of wrongdoing. From employee number 11 to the exit Modabber was no peripheral figure. He joined Polymarket in January 2024 as the company's eleventh employee. He was also described as a trusted advisor to CEO Shayne Coplan. That makes his October 2026 dismissal more than a routine personnel change. During his tenure, Modabber oversaw a marketing team of more than 50 people. He has claimed credit for helping push daily trading volume from $300,000 to the mid-nine figures. The board includes Coplan, Nick Tomaino, and Alex Spiro. The decision to part ways was partly shaped by the board's push for a more polished image ahead of a possible IPO. What this means for Polymarket and prediction markets Removing a senior executive tied to questionable practices is a common first step in that cleanup. It shows the board is willing to act, even against an early insider close to the CEO. The CFTC investigation remains a live risk. Staged profit videos cut directly against user trust. They suggest an easier path to winnings than users may actually find. Undisclosed paid promotion raises a parallel concern. Users scrolling social media had no way of knowing which enthusiastic posts were advertisements.
Exclusive | Polymarket fires top executive who was closely allied with CEO Shayne Coplan: sources
Polymarket has fired a top executive who was closely allied with CEO Shayne Coplan - the latest upheaval at the prediction market giant as it grapples with growing pains, The Post has learned. Matthew Modabber - who has served as Polymarket's chief marketing officer since January 2024 - has been ousted following an internal probe that began earlier this year over a string of headline-grabbing incidents that have sparked concern among the company's investors, sources said. Those included a reported scheme in which Modabber's team allegedly built a fake webpage to promote staged videos of users making money off phony trades - a sham that was uncovered in a June expose by the Wall Street Journal and which triggered an investigation by the Commodity Futures Trading Commission. The investigation is ongoing and no wrong-doing has been established. Polymarket told the Journal at the time it was "committed to maintaining accurate, fair, and transparent markets," adding that it plans to conduct a comprehensive audit of active promotional content. One of the insiders said Polymarket is finalizing Modabber's separation agreement and that both parties have maintained mutual respect for one another. A Polymarket spokeswoman declined to comment and Modabber didn't respond to The Post's request for comment. Modabber's ouster was complicated by the fact that he has been a close confidante of 28-year-old Coplan, who became the nation's youngest billionaire after Polymarket exploded in popularity following the 2024 presidential election, sources told The Post. In conversations with The Post, insiders have described Modabber as an executive who makes impulsive decisions that have turned into public relations nightmares. But disciplining Modabber had proved tricky because of his buddy-buddy relationship with Coplan. The duo were pals at the Beacon School - a prestigious public high school in Manhattan's Hell's Kitchen - and multiple sources say they've been "thick as thieves" during the meteoric rise of Polymarket, which offers wagers on everything from sports, the weather, the Oscars and celebrity breakups. One source told The Post that Coplan was "irate" and even threatened to terminate members of the legal team that pushed for the firing - though he later conceded that parting ways with Modabber is best for the company. Coplan didn't respond to a request for comment. According to sources, Polymarket's board - consisting of Coplan, crypto investor Nick Tomaino, the powerful corporate lawyer Alex Spiro and an unidentified partner at Peter Thiel's investment firm Founders Fund - ultimately concluded in recent weeks that Modabber was getting in the way of the company's bid to shed is scrappy startup image as it eyes a possible IPO. According to his LinkedIn page, Modabber was "employee #11" at Polymarket, building the company's daily volume from $300,000 to "mid 9-figure daily volume via digital growth hacks". He also claims to have "Built and led a 50+ person team across marketing, partnerships, and growth." But over the past year, an internal rift widened at the company between loyalists to Coplan and Modabber and other employees and investors who viewed Modabber as a loose cannon and a "huge liability" who was "wreaking havoc" on the company's attempts to "grow up," sources previously told The Post. In particular, Polymarket insiders said Modabber hasn't helped as Coplan previously raised concerns with his own behavior, including screaming at the office and spreading unsubstantiated sex rumors about the co-founders of archrival Kalshi. "You can only have so many crazy people at the top of a company," one of the sources said. A Polymarket spokesman previously denied that Coplan has spread sexual rumors about Kalshi's co-founders. The spokesperson added that Kalshi has stoked tensions between the two companies for years which has ultimately led to such allegations. Polymarket's legal team - led by Neal Kumar who joined Polymarket last year after more than eight years with elite white-shoe law firm Willkie Farr & Gallagher - had long been concerned about Modabber's actions. Company lawyers specifically told Modabber to quit the marketing scheme which advertised fake trades well before it was made public in June, according to a source. At one point, sources said that some Polymarket employees had even grown suspicious of Modabber's cozy relationship with internet influencers including Clavicular, known for his bizarre "looksmaxxing" advice that has included suggesting followers hit themselves in the face with a hammer to get a more chiseled jawline. Polymarket has offered betting markets involving Clavicular - including which countries he would visit next. Earlier this year, the pair were caught on video partying at a nightclub and Modabber appeared to stop mid-sentence when he realized their conversation was being recorded. It couldn't be learned whether the episode contributed to Modabber's firing. Insiders said Polymarket's review also examined Modabber's reported use of a personal PayPal account - registered to an email for a Salad House, an Italy-based salad chain he co-founded - to pay influencers to promote Polymarket, often without disclosure of the paid partnership, as detailed in a June Politico article. At the time, a Polymarket spokesperson declined to answer questions from Politico about the company's strategy for partnering with influencers, its policies for disclosing those deals on social media, or why Modabber used a personal account for the transactions. Investors have recently taken a more active role in attempting to steer Polymarket onto a more stable path. A Bloomberg report this week detailed how Peter Thiel's venture firm Founders Fund last year insisted that Polymarket shore up financial controls before it wrote the company a check. When Modabber joined Polymarket in 2024 he called Coplan his "dear friend" in a Linkedin post. "All gas, no breaks," Modabber wrote in the post about Polymarket's upward trajectory. In August, Polymarket restructured its marketing team, bringing on the founder of the e-scooter startup Bird to head the division - effectively a demotion for Modabber, one of the insiders said. The Post has sought comment from Polymarket.
Polymarket's Solana $110 Odds Rise 16 Percentage Points to 70% | TokenPost
The market's time frame is month-end. Separately, Solana's Alpenglow upgrade targets transaction finality of about 150 milliseconds, down from roughly 12.8 seconds. Polymarket's Solana market put the probability of the token reaching $110 by month-end at 70%. That was a 16-percentage-point increase over the previous 24 hours. Separately, Solana's Alpenglow upgrade is designed to reduce transaction finality from roughly 12.8 seconds to about 150 milliseconds. The upgrade was slated for Oct. 21.
Polymarket removes contract allowing wagers on fate of Cornell students accused of sexual assault
Polymarket has removed a contract from its prediction market platform that allowed users to wager on whether any of the seven men accused of sexually assaulting or exploiting a Cornell student in 2024 will be charged with a felony sex crime. The market was made available on Sept. 30 and was slated to close on Jan. 31. It had more than $450,000 in volume before it was taken off Polymarket's international platform. The company's U.S. exchange is regulated by the U.S. Commodity Futures Trading Commission, which bans trading related to "activity that is unlawful under Federal or State law."
Polymarket bets favor Eisenkot over Netanyahu ahead of Israeli election
Gadi Eisenkot was the favorite to become Israel's next prime minister on the prediction market Polymarket on Monday, as traders weighed the possible outcome of the October 27 election. The online trading platform's market gave Eisenkot, leader of the Yashar party, a roughly 49% chance of becoming prime minister after the election, compared with 31% for Prime Minister Benjamin Netanyahu and 16% for former prime minister Naftali Bennett. The market had recorded approximately $46 million in trading volume, according to Polymarket's figures. Polymarket is a prediction market platform that lets users trade shares tied to the outcomes of real-world events, including wars and elections. Millions of dollars circulating through online bets on Israel's election A separate market asking when Netanyahu would leave office recorded more than $124.5 million in trading volume, making it one of the platform's largest Israel-related markets. Traders placed a roughly 38% probability on Netanyahu leaving office by December 31, 2026. The market measured whether Netanyahu would cease to serve as prime minister by the specified date, rather than whether his party would lose the election. Its trading volume reflected the total value of transactions and did not necessarily represent the amount of unique money invested. In a third market, traders favored Yashar over Likud to win the most seats in the Knesset. Polymarket gave Yashar a 68% probability of finishing first, compared with 33% for Likud. The market recorded nearly $1 million in trading volume. The figures reflected traders' positions on the platform and were not polling results or guarantees of the election outcome. Polymarket's prices changed as users bought and sold shares tied to different possible outcomes.
Polymarket Election Markets: Trading Scrutiny
Polymarket's Ethiopia election market saw more than $41 million traded on a candidate who did not become prime minister, while just $173,000 was wagered on the eventual winner. The pattern forms part of more than $600 million in combined volume across the platform's Ethiopia and Romania election markets, where trading continued after major electoral events. The activity raises questions about how long election contracts should remain open and whether headline volume reflects genuine interest. Much of the trading involved long-shot or losing candidates, according to WIRED's investigation. Trading continued after the results Ethiopia's Prosperity Party won 438 parliamentary seats in the summer election, compared with 13 for its closest competitor, giving Prime Minister Abiy Ahmed a path to another five-year term. Yet the market recorded more than $41 million in trading on Ahmed's chief of staff, Shimelis Abdisa, becoming the next leader. The Ethiopian market's total volume exceeded $285 million, nearly all of it tied to losing candidates. MSR Decode, a prediction-market analysis firm, estimated that about $284 million came from pairs of accounts repeatedly trading with one another, WIRED reported. Polymarket's rules tied resolution to Ahmed's formal appointment and oath of office, so the market remained open for 123 days after the vote. Polymarket's head of global intelligence and investigations, Shana Bautista, said the company flagged the activity, investigated and blocked the accounts. The company did not answer follow-up questions about why they could trade so much before the intervention. Romania's 2024 presidential election process was annulled amid concerns about foreign interference. Polymarket kept the original election market open while a separate market ran for the subsequent vote, creating another period in which contracts linked to a disrupted process remained available. Volume is not proof of market demand Trading volume often rises with the perceived odds of an outcome, with frontrunners typically drawing more activity than long shots. But repeated buying and selling can inflate volume without representing comparable levels of distinct capital or genuine interest. Rajiv Sethi, a Barnard College economics professor who studies prediction markets, and colleagues developed an algorithm that flagged nearly all of the Romanian market's volume as suspicious; during certain weeks, it classified 99.6% as wash trading. That practice, which creates the appearance of heavy activity through repeated trades, is prohibited by Polymarket's terms and banned on regulated US financial exchanges. MSR Decode examined more than 38,000 post-election trade loops in the Ethiopian market. More than 98% left neither side with a gain or loss, and the median time accounts held contracts before reselling them was nine seconds. The firm identified activity farming-artificially increasing recorded volume-as the likeliest explanation, but the analysis did not establish who controlled the accounts or their intent. Oversight questions remain Sethi has described the Romanian activity as more dramatic than the Ethiopian case, but cautioned that apparent wash trading is not always wash trading. An earlier study by Sethi and colleagues also found evidence of widespread wash trading on Polymarket's offshore platform. Polymarket has raised more than $1 billion at an estimated $21 billion valuation and reported annualized revenue above $1 billion earlier in the summer. Volume is a prominent measure of platform activity, making the distinction between real trading and repetitive turnover consequential. The CFTC declined to say whether it is examining these election trades; it has previously investigated suspected manipulation on Polymarket, generally involving possible insider trading. The debate over prediction-market safeguards and contract controls now includes the question of how platforms monitor markets after the underlying event has effectively been decided.
Catcher Predict: Polymarket FURIA Esports vs. Cloud9 Worlds Qualifier Over 27.5 Game 1 Kills Odds Rise 19.5%
On Polymarket, the probability of more than 27.5 total kills in Game 1 of the FURIA Esports vs. Cloud9 Worlds Qualifier rose to 57.5% from 38% one hour earlier. According to ChainCatcher, Catcher Predict tracked the shift and noted that breaking news could affect the market.
Polymarket Promo Code FOX: Claim a $25 Bonus When You Trade on Tonight's Dodgers vs. Brewers NLCS Game 3
This page may contain affiliate links to legal sports betting partners. If you sign up or place a wager, FOX Sports may be compensated. Read more about Sports Betting on FOX Sports. New users can use Polymarket Promo Code FOX to claim a $25 bonus and trade on eligible markets as Los Angeles looks to get back into the series on its home field. The Milwaukee Brewers hold a 2-0 lead over the defending champion Dodgers going into Game 3. William Contreras was the difference-maker, helping Milwaukee rally for a 7-4 victory in Game 2, recording three hits and three RBIs, including a game-tying home run in the fifth inning and a go-ahead single in the sixth. The Brewers' bullpen then retired all 15 Dodgers hitters it faced to close out the win. Now, Los Angeles turns to Blake Snell to help spark a comeback, while Milwaukee sends Robert Gasser to the mound with a chance to move one step closer to its first World Series appearance since 1982. New users can enter Polymarket promo code FOX to claim a $25 bonus and trade on eligible markets for Dodgers vs. Brewers Game 3. Sign up, enter the code and complete the qualifying steps to get in on the NLCS action. For more information and full terms and conditions, visit our Polymarket promo code page. How to Claim the Polymarket Promo with Code FOX *Probabilities are subject to change* More markets available on Polymarket. How to Watch Dodgers vs. Brewers NLCS Game 3 * When: Wednesday, October 14, 2026 at 8:00 p.m. ET * Where: UNIQLO Field at Dodger Stadium, Los Angeles, CA * TV: FS1 * Stream: Watch 3 days free on FOX One Players To Watch Home runs have defined Muncy's season: 29 of them in 149 games, along with a .838 OPS and 76 RBI. He carried that into October with a home run in each of the first two Division Series games against Atlanta, on Oct. 3 and Oct. 4.The Dodgers' third baseman went 1 for 4 with 2 strikeouts in Game 1 of the NLCS, went 0 for 3 in Game 2 and is 4 for 19 overall this postseason, with 3 RBI. He also scored 81 runs and hit 27 doubles in the regular season. Two Division Series home runs came from Freeman, on Oct. 4 and Oct. 6, and each one drove in a run. Through the Division Series and the first two games of the NLCS he is hitting .227 with a .500 slugging percentage, on 5 hits in 22 at-bats. Freeman collected 167 hits and 16 home runs while batting .288 over 153 regular-season games, and he went 1 for 4 against Milwaukee in Game 1 and 0 for 3 with an RBI in Game 2. Freeman also drew 66 walks and posted a .362 on-base percentage. Ninety-four RBI across 147 regular-season games headline Contreras' year, and he added 18 home runs and a .270 average. In the postseason he has 9 hits, 3 home runs and 4 walks, one of them intentional. He reached base twice in the Division Series opener against San Diego, going 1 for 3 with a home run and a walk on Oct. 3. He went 0 for 3 with an intentional walk and 2 strikeouts against Los Angeles in Game 1, then went 3 for 4 with a home run and 3 RBI in Game 2. Chourio drove in at least one run in each of Milwaukee's four Division Series games against San Diego, totaling 6 RBI, including 2 on a home run in the opener on Oct. 3. The 22-year-old hit .291 with 25 home runs and 75 RBI over 127 regular-season games. He had two hits in four at-bats in Game 1 of the NLCS, his only multi-hit game of the postseason, and is 5 for 25 overall, after going 0 for 5 in Game 2. He also scored 96 runs and stole 23 bases in the regular season.
Polymarket Token Airdrop? CEO Talk Fuels Speculation
The CryptoNews editorial team is composed of seasoned writers specializing in cryptocurrency and blockchain technology. Their expertise ensures comprehensive, accurate, and insightful content for... Polymarket CEO Shayne Coplan revived speculation about a native token at TOKEN2049 Singapore, discussing a possible on-chain asset with programmable utility tied to the platform's economy. This renews the speculation on the Polymarket token and a possible airdrop. Coplan appeared in a TOKEN2049 fireside conversation with Balaji Srinivasan. The discussion concerned an asset that could perform functions within Polymarket's financial ecosystem, but Coplan did not say how it would work, whether existing users might receive it or when it could launch. Expectations were already elevated after an early-October social-media exchange comparing Polymarket revenue with the valuation of Hyperliquid's HYPE token. Coplan suggested the subject might come up at TOKEN2049. Got a Gut Feeling? It Could Pay Out 3.7X on Polymarket Polymarket Token and an Airdrop Plan As of today, Coplan has yet to outline ownership rights, revenue arrangements, or governance privileges for the proposed asset. Polymarket has not confirmed a token-generation event or airdrop, but the lack of official details has left plenty of room for speculation around a potential launch, token allocations, and eligibility criteria. The platform's international prediction markets continue to operate without a native Polymarket cryptocurrency, making a future token launch a major development to watch. Its markets cover political, economic, and other real-world outcomes, ranging from geopolitical event contracts to elections. A native token could introduce another layer to the platform's growing ecosystem, while a potential airdrop could reward eligible early users if Polymarket chooses to distribute tokens to its community. Earlier executive hints have kept expectations alive, fueling speculation that Polymarket could eventually introduce a token and potentially reward users through an airdrop. If a launch moves forward, trading activity, market participation, and the platform's eventual eligibility rules could become important considerations for users hoping to qualify. Until Polymarket reveals its plans, the token and airdrop remain unconfirmed, but both continue to attract attention as possible next steps in the platform's evolution. Equity Financing and U.S. Regulation Polymarket's financing activity is distinct from token speculation. Intercontinental Exchange (ICE) agreed in 2025 to invest up to $2 billion, at a reported pre-investment valuation of about $8 billion; the partnership included plans to distribute Polymarket event data to institutional clients and examine future tokenization projects. ICE completed a further $600 million investment in March 2026 under the earlier commitment, while reports in April placed Polymarket's valuation near $15 billion. August discussions reportedly involved raising about $1 billion at a valuation above $20 billion, but those terms were not confirmed in a final company announcement. An IPO has also appeared in reporting about Polymarket's financing options, but the company has announced no filing, listing date, or approved public share offering. Polymarket's reported valuation and financing discussions belong to that separate corporate track. The U.S. operation is another distinct track. Polymarket acquired QCEX in 2025 and built a separate domestic platform for eligible U.S. customers; the CFTC lists QCX LLC, operating as Polymarket US, as a designated contract market, with an original designation date of July 9, 2025. Polymarket's international website and U.S. application operate separately. Its June 2026 help documentation says U.S. residents cannot trade through the international website, and no announcement explains whether a future asset would apply to either service or qualify U.S. users for a distribution. For now, no snapshot date or statement confirms that past trading will count toward eligibility, and published information identifies no token program for either the international platform or Polymarket US. The essential disclosures remain the asset's function, issuance terms, and any distribution rules-not another round of community speculation.
