Investigative journalist Whitney Webb has uncovered that Polymarket's origins are linked to Israeli interests and venture capitalist Peter Thiel, contradicting the official narrative that founder Shayne Coplan started the company alone in 2020. The investigation reveals that Polymarket's precursor, TokenBnk, was connected to a crypto company co-founded by relatives of Israeli Prime Minister Netanyahu.
The report also highlights Thiel's involvement, suggesting he aims to use Polymarket to revive the "Policy Analysis Market" concept, previously associated with DARPA's disbanded "Information Awareness Office." This follows Thiel's earlier unsuccessful attempt with the prediction market project Augur. Further revelations are expected in a subsequent investigation, which will explore the use of prediction markets in political processes at the White House level.
Polymarket's Origins Tied to Israeli Interests and Peter Thiel
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