Polymarket’s Corporate Structure Is a Mystery—Even to Some of Its Former Employees

Polymarket's corporate structure is causing significant concern due to its lack of transparency. The prediction market operates through a Panamanian shell entity that maintains ties to the legal infrastructure of FTX. These operational mysteries persist even among former employees. This situation unfolds while the company faces an ongoing FBI inquiry, which previously included a raid on the CEO's apartment, further intensifying scrutiny regarding the firm's complex and unusual organizational setup in Panama.