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Polymarket CEO spent company funds on private jets and rent

Benzinga Prediction Markets +1 ·

ICE Intercontinental Exchange Inc
$158.57 +0.11%
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  1. 1Polymarket CEO Shane Coplan used company funds for private jet flights and apartment rent.
  2. 2Founders Fund demanded repayment and stricter financial controls.
  3. 3Polymarket appointed its first CFO in September following a $1.6 billion investment from Intercontinental Exchange.

So what's the key point?

The head of Polymarket used company money for personal plane trips and rent. Investors have asked for the money to be returned and for more careful management of funds.

Source Benzinga Prediction Markets +1 · View original ↗

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