According to The New York Post, Matthew Modabber, who served as chief marketing officer of Polymarket since January 2024, has been fired on October 23. The dismissal follows an internal investigation into allegations that his team created fake webpages to promote fabricated trading videos showing false profit scenarios. The scheme was exposed in a Wall Street Journal report in June, triggering a U.S. CFTC investigation that remains ongoing and has not yet identified any regulatory violations.

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