Bloomberg: Founders Fund discovered in 2025 that Polymarket's CEO used company funds to pay for personal expenses.

BlockBeats news, October 20 - According to Bloomberg, in 2025, when Founders Fund was considering investing in Polymarket, it discovered that at a time when the company had no revenue, CEO Coplan had used company funds to pay for personal expenses such as private jets and apartment rent. Founders Fund required him to improve financial controls and repay the relevant amounts before injecting capital.