Polymarket CMO Routed Influencer Payments Through PayPal

Polymarket’s chief marketing officer routed payments for social-media influencers through a personal PayPal account rather than the company’s corporate accounts, according to people familiar with the transactions. The transfers were tied to promotional work for the prediction-market platform.

The arrangement involved the CMO using a private PayPal account to send or receive influencer fees, after which funds were passed on to the recipients. The people familiar with the transactions did not disclose amounts, the total number of influencers, the identities of recipients or a timeline for the transfers.

Using a personal account for business payments can complicate bookkeeping and tax reporting because transactions do not pass through standard accounting or payroll systems. The practice also has implications for internal controls and recordkeeping, according to the people familiar with the matter.

Polymarket operates an online platform that lets users trade on the outcomes of future events. Prediction markets have drawn regulatory attention in several jurisdictions, and company practices around promotional spending and contractor compensation have been subject to scrutiny.

Reporters sought comment from Polymarket and relevant individuals. The company provided responses in some instances and declined or did not respond in others.