After a post to social media allegedly containing racist language from Polymarket’s company account, a representative for the company has apologized.
Prediction market Polymarket was quickly called out for a now-deleted post to X that allegedly contained ethnic slurs. The post reportedly used racial insults while accusing some of its users based in India, Nigeria, and Turkey of pretending to be women.
The company’s Chief Legal Officer, Neal Kumar, has taken to X to address the message, apologizing for it and saying the company “takes full responsibility”.
The post earlier this week from an unofficial Company account was unacceptable, and we take full responsibility. As an Indian American, looking up the history of the term sucked. I’ve always found engagement to be far more effective than rage, and believe this came from a place…
— Neal Kumar (@HereComesKumar) November 26, 2025
“The post earlier this week from an unofficial Company account was unacceptable, and we take full responsibility,” he wrote. “As an Indian American, looking up the history of the term sucked. I’ve always found engagement to be far more effective than rage, and believe this came from a place of misunderstanding, not hate.
“Uncomfortable conversations to understand each other is a practice to live and breathe, and we had one here this week to make us stronger. We apologize for the pain and we are committed to doing better.”
Backlash to Polymarket on social media
Social media users have used the example of this post to criticize Polymarket’s presence on social media in general.
“Polymarket’s social media strategy is the worst I’ve ever seen,” wrote founder and CEO of Creator Buddy, Alex Finn. “Almost every official account tweets rage bait, misinformation, and lies. All just to drive engagement. You’re turning off a lot of people and I’d encourage you to reconsider the entire strategy.”
Others argue that the apology should come from the official Polymarket account, not Kumar’s, with another social media user, Andy Parackal, writing: “The racist post wasn’t some random meme; it targeted Indians, Nigerians, and Turks, and it was posted under an account literally signing off as the Polymarket traders. So why is the apology coming from you personally, instead of the official Polymarket account where the slur was posted?”
Polymarket typically uses its X account to promote certain contracts and bets that can be placed on the predictions market platform, with some recent examples including whether Jesus Christ will return before 2027 and whether a turkey will audibly gobble during the official pardoning, among other financial and political contracts.
ReadWrite has reached out to Polymarket for further comment. This comes hot on the heels of Polymarket securing CFTC approval to return to the US.
Featured image: Polymarket
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