Polymarket investors push CEO Coplan for change as Kalshi gains ground

Polymarket investors are pressing for changes in management after learning that CEO Shayne Coplan used company funds for private jet flights, apartment rent and personal expenses. The startup had no revenue at the time, while rival Kalshi gains ground.

• Coplan used Polymarket funds for private jets and apartment rent
• Polymarket had no revenue when Founders Fund looked at it in 2025
• Investors are pushing for changes in company management
• Rival Kalshi is gaining ground in prediction markets