ChainCatcher report: Investigative journalist Whitney Webb has released a series of investigations into the origins and ambitions of Polymarket. She states that Polymarket’s official narrative—that Shayne Coplan single-handedly founded the company in 2020, starting out in a bathroom—is not accurate. Polymarket’s roots trace back to an earlier company, TokenBnk, and are linked to Israeli-related crypto projects. Webb says the first part of the series will trace Polymarket’s early history and examine its potential connections to entities associated with Peter Thiel and early DARPA prediction market initiatives.
Investigative Report Claims Polymarket’s Official Origin Story Is Inaccurate
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Summary
Investigative journalist Whitney Webb has published a report challenging Polymarket’s official origin story, as previously reported in crypto news. The piece asserts that the company’s origins trace back to TokenBnk and Israeli crypto projects, rather than the 2020 bathroom startup narrative. Crypto Today’s coverage highlights early connections to Peter Thiel’s network and DARPA’s prediction market initiatives. Webb’s first article outlines these claims and questions the current account of events.
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