Polymarket CMO Paid 800 Influencers Over $2.5 Million Without Disclosure
Updated
Updated · POLITICO · Jun 5
Polymarket CMO Paid 800 Influencers Over $2.5 Million Without Disclosure
3 articles · Updated · POLITICO · Jun 5
Summary
$2.5 million flowed from Matthew Modabber’s personal PayPal account to more than 800 people from January 2025 to February 2026, with at least 20 later posting Polymarket promotions on social media.
At least $350,000 went to Nick Shirley and other influencers, while Riley Gaines, Brian Krassenstein and Alex LoRusso also received payments, according to records reviewed by POLITICO.
One paid influencer said Polymarket wrote X posts for them and directed them to promote specific bets, often framing betting odds as news and touting the platform’s forecasting accuracy.
Polymarket said it works with creators across the political spectrum but declined to answer detailed questions about its payment strategy or disclosure policies.
The report lands as Polymarket’s trading volumes surge under a largely hands-off Trump administration, even as prediction markets face growing scrutiny over insider-trading risks.