Investigative journalist: Polymarket's official startup narrative is false, and it is deeply linked to Israeli interests and Peter Thiel
Foresight News reported that investigative journalist Whitney Webb has released a series of investigations into the origins and ambitions of Polymarket. She stated that the official Polymarket narrative—claiming Shayne Coplan founded the company alone in 2020 and started it in a bathroom—is not accurate. The origins of Polymarket can be traced back to an earlier company, TokenBnk, and are linked to a crypto company founded by the nephew and niece of Netanyahu. She believes that Polymarket is essentially the result of Peter Thiel and his team attempting to revive the Pentagon’s failed project, Policy Analysis Market (PAM). The original project was cancelled due to controversy, and Polymarket is seen as its "privatized rebirth."
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