Dragonfly's Haseeb Qureshi Says Polymarket CEO Disclosed Expenses

Dragonfly Managing Partner Haseeb Qureshi said Wednesday that Polymarket CEO Shayne Coplan disclosed company-paid expenses, initiated the repayment process himself and reimbursed the company in full.

In a post on X, Qureshi said Coplan was not drawing a salary when the charges were incurred. He said none of the flights were for personal use and that, on an annualized basis, the expenses totaled roughly a software engineer's salary.

Coplan began receiving a regular salary after settling the expenses, Qureshi said. The investor described the episode as a bookkeeping issue rather than a question of Coplan's honesty, and disputed the suggestion that Founders Fund discovered the spending. His account also rejects the characterization of the flights as personal travel.

Qureshi said Dragonfly was among Polymarket's largest early investors.