Business
Dozens of Polymarket Bets Show Signs of Insider Trading, The Times Finds
On the evening of Thursday, June 12, a small group of internet gamblers made a highly specific prediction on Polymarket, the betting website that offers odds on virtually everything.
Thirteen users wagered a total of $140,000 that Israel would strike Iran by the end of that week, even as the odds suggested that an attack was unlikely. Seven of the accounts had been opened just days earlier. Another had a history of bets related to military action against Iran — and had won money on all of them.
Israel attacked Iran later that day, netting the accounts more than $600,000 in profits.
The explosive growth of prediction markets like Polymarket has rattled the political world over the last year, fueling concerns about a new kind of insider trading by military leaders and government officials with access to confidential plans. A military reservist was recently indicted in Israel for a scheme to bet on the June strike, while a U.S. Army Special Forces soldier was accused last month of wagering on the capture of Nicolás Maduro, the president of Venezuela.
Those bets represent only a slice of the suspicious activity on Polymarket. A New York Times examination found that more than 80 Polymarket users have placed bets with suspicious characteristics, including 38 whose well-timed wagers have drawn little or no public attention. They won money across nearly 30 topics dating back to at least 2024, from Israel’s strike on Iran last year to the regulatory debate over cryptocurrency trading.
The Times’s examination also revealed previously unreported red flags in some of the high-profile bets that have drawn scrutiny. The findings were based on a series of warning signs that hint at insider trading without proving it definitively. Those signals include long-shot bets that pay off, well-timed wagers by recently opened accounts and bets by users who gamble on only a few related topics without ever losing, among other considerations.
The Times identified more than 11,000 Polymarket accounts that exhibited some combination of those characteristics, then manually reviewed the most striking cases, comparing the users’ trading histories against overall prediction market activity. Many of the examples involved military operations, which have attracted a surge of betting this year.
While the accounts The Times examined make up a small portion of Polymarket’s users, they show how suspicious wagers can unfold on the site and highlight the vulnerability of prediction markets to manipulation. Polymarket’s trading data is publicly visible, which makes it possible to reconstruct betting patterns with second-by-second accuracy.
One of the highest-profile cases occurred at the start of the year, when the idea that Mr. Maduro would soon be ousted as Venezuela’s leader seemed unlikely. The odds on Polymarket reflected that doubt, sitting at around 7 percent. Then something unexpected happened: The United States swept into Venezuela on Jan. 3 and arrested Mr. Maduro.
Somehow, one user appeared to know the arrest was coming. The account had placed large bets on Jan. 1 and Jan. 2 predicting that Mr. Maduro would be “out” as Venezuela’s leader before the end of the month. When Mr. Maduro was captured on Jan. 3, the user pocketed more than $400,000. Prosecutors later charged Master Sgt. Gannon Ken Van Dyke, the special forces soldier, with using classified information to make that bet.
A similar betting pattern played out when Polymarket offered odds on whether the United States would announce a cease-fire in the war with Iran by April 7.
At least seven users placed bets in the hours before President Trump announced the agreement in a Truth Social post on April 7. Collectively, they won more than $1.4 million, including two users who each walked away with over $400,000 in profits.
The Times also found warning signs in areas unrelated to America’s foreign policy. In 2024, a user created a Polymarket account and placed a single long-shot bet that a financial product tied to the cryptocurrency Ether would be approved by the Trump administration. A month later, the user withdrew $50,000 in profits after regulators blessed the product.
Based on the public data alone, it is impossible to conclude whether these users were insiders who had access to nonpublic information. Many sophisticated bettors use automated bots to place well-timed wagers that may appear suspicious at first glance, while some prediction market traders pride themselves on making giant bets against the odds that occasionally pay off.
But The Times’s examination adds to evidence suggesting that Polymarket has been exploited by users with information that is not publicly available.
Last month, the nonprofit Anti-Corruption Data Collective released a report about Polymarket that found heavy bettors on underdog outcomes — an event with at most a 35 percent likelihood — won more than half the time on topics related to the military, calling it a sign of “potential insider trading.” Similar wagers on other topics were profitable only 14 percent of the time, the report found.
Polymarket has pledged to combat insider trading, saying it has “no place” on the platform. A company spokeswoman said the firm “continuously monitors its markets for suspicious activity and regularly engages with relevant authorities when appropriate.”
Polymarket and its main rival, Kalshi, are the most popular prediction markets. But they differ in important ways. Polymarket’s main platform processes wagers in crypto, creating a public record of transactions. Much less data is available about the bets on Kalshi, which announced in February that it had opened more than 200 insider-trading investigations resulting in over a dozen “active cases.”
Robert DeNault, Kalshi’s head of enforcement, said in a statement to The Times that insider trading was banned on the platform. “We surveil, investigate and punish it,” he said.
Coordinated Activity
For years, prediction markets occupied a legal gray area in the United States. A tiny financial agency, the Commodity Futures Trading Commission, barred Polymarket from serving U.S.-based customers in 2022, while Kalshi battled those regulators in court for authorization to offer bets on congressional elections.
Now the landscape is shifting in these firms’ favor.
Kalshi won its case in October 2024, paving the way for election betting in the United States. Within a year, Polymarket secured regulatory approval to start offering some services, though the majority of its betting markets, including wagers on military action, are still available only overseas. Sergeant Van Dyke gained access to the website using a virtual private network, a tool that disguises a user’s location, according to court papers.
Together Kalshi and Polymarket draw $25 billion in monthly trading volume, up from less than $2 billion a year ago, an explosion of popularity that poses a challenge to regulators.
Under federal law and agency regulations, insider trading on prediction markets is prohibited, though what qualifies as an offense is a complex legal question. Some advocates for the sites argue that certain insiders can help generate more accurate forecasts, making prediction markets a useful source of information.
In a CBS “60 Minutes” interview last fall, Shayne Coplan, Polymarket’s chief executive, called insider trading “an inevitability” that comes with “a lot of benefits,” while stipulating that trading platforms need to draw an ethical line somewhere.
“What’s cool about Polymarket is that it creates this financial incentive for people to go and divulge the information to the market,” he said at an Axios conference in November. “Or someone tells someone, and then the market responds.”
But potential insider activity does not always create a clearer picture for the public, The Times found. Someone with insider knowledge can employ a range of strategies to accumulate large, profitable positions without moving the needle on the odds.
In January 2025, a Polymarket user who regularly wagered on Washington politics began betting that President Joseph R. Biden Jr. would pardon his brother James Biden. The user placed 53 separate bets worth more than $20,000, even as the odds declined.
Less than 40 minutes after the user’s final bet on Jan. 20, the White House announced that Mr. Biden had signed a last-minute pardon for his brother. The user earned $200,000, cashed out and has not bet since.
The Times’s review also found possible coordination among Polymarket accounts that placed bets at identical times. Such activity can signal that an individual user deployed automated bots to avoid detection, obscuring a large position across many accounts.
A possible example emerged on Feb. 27, when Mr. Trump at 3:38 p.m. gave the order to strike Iran while he was aboard Air Force One. Over the next few hours, at least 27 accounts placed thousands of dollars of simultaneous bets predicting that the United States would attack by Feb. 28. When the strike began around 1 p.m. on Feb. 28, the accounts collected profits of more than $700,000.
Much of the suspicious activity has been concentrated on the conflicts in the Middle East. Of the 27 betting topics that The Times flagged, 12 focused on the U.S.-Israeli war with Iran.
In February, Israeli authorities charged the military reservist with using nonpublic information to help an accomplice make more than $100,000 betting on Polymarket about the timing of Israel’s attacks on Iran and Yemen.
“It’s happening now,” the soldier texted his accomplice, just as military planes took off for the June attack, according to the indictment.
In court this month, the reservist’s lawyer argued that his client’s unit in the Israeli Air Force had a penchant for gambling, a risk-taking impulse that was common in the military.
An Israeli military representative said the defense forces had taken steps to “strengthen oversight and control systems” since the Polymarket bet was exposed.
Political Ripples
The rise of suspicious trading has caused alarm in Washington.
The Senate passed a resolution last month barring senators and their staff members from using prediction markets. In April, Mr. Trump said he was “never much in favor” of the sites and lamented that “the whole world unfortunately has become somewhat of a casino.”
Within days, he reversed himself, noting that people working in the prediction business are “pretty happy with it.” Mr. Trump’s eldest son, Donald Trump Jr., is an adviser to Kalshi and Polymarket, and the family’s social media company, Trump Media, has announced plans to offer a prediction market.
The scrutiny on prediction markets has put a spotlight on the Commodity Futures Trading Commission. Historically, the agency has overseen markets for oil, agricultural goods and certain financial instruments known as swaps. Because prediction market bets are classified as swaps, the agency has argued, the sites fall under its purview as well. But the C.F.T.C. has a relatively small staff and a spotty record of enforcement that has drawn skepticism from critics.
Michael Selig, the agency’s chairman, is an outspoken prediction market enthusiast who has hopscotched the country giving speeches about the technology’s potential to rival traditional media as an information source.
“It’s really important that we protect these markets here in the U.S.,” he said at a crypto conference in March.
In a statement to The Times, Mr. Selig said the agency had a “renewed focus on efficiency” and was using artificial intelligence to bolster its capabilities. “There are no gaps in our ability to fulfill our mission,” he added.
As concerns have intensified, Polymarket has promised to monitor for misconduct. But its public pronouncements are sometimes contradictory.
Three weeks before the Special Forces soldier was indicted, Mr. Coplan, Polymarket’s chief, was interviewed at Harvard Business School, where he was asked about suspicious activity in the Maduro betting market.
“For the Maduro one, it’s actually a very funny story — it’s not what it seems,” Mr. Coplan said. “It’s just more of a fluke than it is some sort of exciting thing.”
Once the federal charges were announced, Mr. Coplan told a different story, writing on social media that Polymarket had “flagged this, referred it, and cooperated throughout the process” with the Justice Department.
In April, Kalshi said it had unearthed three examples of insider trading — all congressional candidates who had placed bets on their own races.
In one case, Kalshi said, a Democratic candidate for U.S. Senate in Virginia placed a bet that he would join the race, a decision he clearly controlled. Kalshi fined him more than $6,000 and gave him a five-year ban from the platform.
Because prediction market data is public, the hunt for insider trading has also become a social media phenomenon.
On X, users post screenshots of prediction markets with strange patterns or bets from new accounts. Some traders have built strategies around identifying insiders and then copying suspicious wagers before other bettors catch on.
One market that was flagged on social media centered on a prominent internet sleuth, who announced in February that he was preparing a detailed investigation into an unnamed crypto company whose employees had “abused internal data.”
Speculators on Polymarket started betting on who the sleuth’s target might be. Between Feb. 24 and Feb. 26, an anonymous user who had just joined Polymarket bet more than $65,000 that it was Axiom, a crypto trading firm. (Axiom did not respond to a request for comment.)
The wager was correct. On Feb. 26, the sleuth accused Axiom employees of insider trading.
It’s unclear who made the bet. The sleuth said that he had been “retained” to investigate Axiom, and that he had reached out to the firm before posting his findings.
The anonymous bettor walked away with $411,647 in profits.
Johnatan Reiss contributed reporting.
Business
The other anti-data center movement: California’s sky-high electricity prices
The nation is awash in data center hate and California is no exception.
Temporary bans have cropped up across the state as residents from Imperial County to San José fight proposals in their communities. Monterey Park became the first city in the country earlier this month to permanently ban data centers by a popular vote. And a recent poll sponsored by the environmental group Net-Zero California showed 70% of state residents don’t want data centers in their communities.
But unlike in Virginia, Texas, Ohio and other states where residents are fighting 400-plus megawatt hyperscaler facilities in their backyards, California has some major barriers keeping data centers at bay.
Sky high industrial electricity prices are more than double the national average. Long wait times to connect to the grid have some new data centers sitting empty in Silicon Valley. And the state regulates the size of the backup generators that keep the centers running when the grid goes down. That has limited most facilities to a fraction of the size that artificial intelligence increasingly demands.
That all means that California is seeing less of a boom — fewer proposed data centers, and smaller in size — than in the country’s hot spots.
“California isn’t even on the map today,” said Mehdi Paryavi, chairman of the International Data Center Authority. “Taxes are high, land is expensive, water is scarce, energy is difficult to find, communities are pushing back. There are all kinds of problems.”
Northern California and Southern California were hubs for an earlier generation of data centers. “But over time, as the sector has grown, the overwhelming majority has been developed elsewhere,” said Andrew Batson, head of data center research at real estate intelligence firm JLL.
“Almost all the data center demand being generated from California is being serviced by adjacent states,” from places such as Phoenix and Las Vegas, Batson said, “where power is much cheaper, land is more affordable, and regulations are quite less.”
Still, “California can’t outsource all it’s data center capacity,” and the state expects to see growth over the coming years.
Fifty-one facilities are currently planned in the state, according to a recent study from the Pew Research Center, an 18% increase over the 277 operating today. According to a study from UC Riverside, data center electricity use in the state doubled between 2019 and 2023.
But some grid operators elsewhere are already seeing overwhelming loads, such as the Pennsylvania-New Jersey-Maryland Interconnection that expects about 40% to be added to its total demand, largely from data centers, by 2035. Compare that to the California Energy Commission which expects data centers to drive an increase of about 2 gigawatts by 2030, and 5 GW by 2040. That’s about 4 and 9% of its 52 GW peak load respectively.
“It’s a significant amount of demand growth, but it’s not dwarfing all the other factors,” said Mark Specht, a senior energy manager at the Union of Concerned Scientists who put out a report on California data center growth last month. “Some of the projections we’re seeing for increased electricity demand from electric vehicles in 2045 is actually higher than the demand from data centers.”
California regulations are part of what’s keeping data centers relatively small: A state rule requires any backup generator bigger than 100 megawatts to be certified as a power plant.
Specht’s report found none of the current data centers in California and almost none of the proposed ones require that certification because they fall under the 100 MW cap. (Exceptions include a 417 MW planned facility in Santa Clara and a 330 MW one in Imperial County blocked Tuesday by a moratorium vote.)
One hundred MW could power a small city’s peak demand, yet the average U.S. data center is expected to demand over 600 MW by 2030, according to the energy intelligence company Cleanview.
A San Francisco Chronicle analysis showed that California facilities currently make up about 5% of national data center power demand, but that share is expected to fall to 1% if building proceeds as planned across the country.
Still, the growth that does exist is raising concerns among utility ratepayer advocates and environmentalists, not to mention the general public.
“There are real costs at stake,” said Mark Toney executive director at The Utility Reform Network, a ratepayer advocacy group.
He noted Pacific Gas & Electric anticipates a massive amount of new demand from data centers — about 10 GW worth — or enough to power 7.5 million homes. That would require grid upgrades he estimates at about $10 billion, partly borne by ratepayers. Interest has been high in PG&E territory because it serves the San Francisco Bay area, where California’s projected data center buildout is concentrated around San Jose, now that Santa Clara has reached capacity.
Data center electricity projections come with uncertainty, and PG&E says its confirmed large load in the pipeline — mostly data centers — is closer to 5.3 GW.
Whatever demand materializes, TURN and others are fighting to shield ratepayers from the costs of PG&E’s buildout, a battle playing out at the Public Utilities Commission.
PG&E spokesperson Rob Stillwell said data centers help reduce rates by spreading the costs of grid maintenance over more customers. He noted data centers already have to pay the up front costs of connecting to the grid, under a temporary rule.
But TURN says those don’t include all of the infrastructure and broader grid updates that PG&E will have to invest in to support data centers.
And the rule only applies for PG&E territory and doesn’t require data centers to bring their own clean power.
TURN is now backing a bill from State Sen. Steve Padilla (D-Chula Vista) that would require all data centers to pay for 100% of the costs of new transmission upgrades as well as new clean energy to cover at least half their required electricity. The industry is opposing the effort.
Another Padilla bill would approve data centers faster if they use more clean energy. One from Assemblymember Rebecca Bauer-Kahan (D-Orinda), would require data centers to disclose their energy use to the state. And bills by Assemblymember Diane Papan (D-San Mateo) would require them to project and report their water use as part of permitting and licensing.
Yet politicians have been hesitant to regulate. Last year, similar bills were either watered down, didn’t make it through the legislature or were vetoed by Gov. Gavin Newsom.
At a panel in January, gubernatorial candidates were asked how they would balance environmental concerns about data centers with their potential to drive economic activity.
“We have to make sure that those data centers are paying their fair share,” said Xavier Becerra, adding that businesses need to move away from diesel backup generators.
Former candidate Tom Steyer of San Francisco answered with a dodge or a dose of realism, depending on your view.
“What data centers are looking for is cost to compute and speed to compute, and the good news is that California’s energy is so expensive on a cost basis, they’ll never come here,” Steyer said. “We may talk all we want about data centers, but they’re not coming.”
Business
Bed Bath & Beyond begins reopening in California with a bonus: Old coupons will be honored
Bed Bath & Beyond is looking to stage a comeback as the decades-old company reopens stores in partnership with the Container Store in 22 cities, including two in Southern California.
To the delight of die-hard fans and coupon collectors, for a limited time the new stores will accept the chain’s blue and white coupons, no matter how old they are.
Customers can use their expired coupons until July 13. The company is also holding a contest to find the oldest coupon out there, with a prize of a home renovation worth $100,000.
“For decades, our customers treated these coupons like treasure,” said Bed Bath & Beyond Inc. President Amy Sullivan in a statement Monday. “They tucked them into purses, filing cabinets, cookbooks and memory boxes because they believed they would be valuable someday. We think they were right.”
Bed Bath & Beyond, which sells home goods including towels and kitchen gadgets, filed for bankruptcy in 2023 and shut down all its locations. Following its bankruptcy, Bed Bath & Beyond was bought by Overstock.com, which has since rebranded to Beyond, Inc.
The company announced the first phase of its brick-and-mortar reopenings last week. In addition to stores in New York, Colorado, Illinois and other states, two locations will open in California in the coming weeks in Costa Mesa and Century City in Los Angeles.
Over the last few years, social media users lamented that they could not use their expired Bed Bath & Beyond coupons.
“Found my entire stash of Bed bath and beyond coupons today,” one Reddit user said earlier this year. “Sad I never got to use them.”
Another Reddit user said they found a large stack of expired coupons two years ago. “I know I should probably toss them out at this point, but they were fun to collect,” they wrote.
In 2025, Beyond, Inc.’s executive chairman Marcus Lemonis vowed he would never reopen stores in California due to the “over-regulated, expensive” business environment. He ruled out future retail stores in the state in a statement posted on X last August.
Less than a year later, however, the company announced 12 planned storefronts in the Golden State, including five in Southern California. The new stores, dubbed Bed Bath & Beyond + The Container Store, will offer home organizational products as well as bed sheets, pillows and more.
Gov. Gavin Newsom welcomed the retailer back to the state.
“With a thriving economy growing faster than all other developed nations, California always reaches out with an open hand — not a closed fist,” he posted on X in April.
The Container Store filed for bankruptcy in 2024 and emerged from it in early 2025. Bed Bath & Beyond acquired the Container Store in April for about $150 million in stock and convertible notes, part of the company’s attempt at a comeback after its own bankruptcy.
“Our customers don’t think about their homes in categories,” Lemonis said in a statement. “By bringing Bed Bath & Beyond and The Container Store together, we’re creating a destination where customers can buy products, organize their spaces, design custom solutions and access services all under one roof.”
Business
Music mogul Clive Davis, producer and label executive who signed musicians like Janis Joplin, Bruce Springsteen and Whitney Houston, has died
Music mogul Clive Davis, the celebrated producer and label executive who signed and nurtured genre-defining musicians such as Janis Joplin, Bruce Springsteen and Whitney Houston, died Monday at his home in New York City, according to Davis’ representative Aliza Rabinoff. He was 94.
Davis had recently been hospitalized with an upper respiratory infection.
“To the world, our father was the iconic music legend whose vision, instincts and relentless pursuit of excellence shaped the soundtrack of countless lives,” his family said in a statement. “He discovered, mentored and championed the greatest artists in modern music history, leaving an indelible mark on culture that will endure for generations.
“To his family, Clive was Dad and Granddaddy, the steady presence at the center of our lives, the source of wisdom, strength, encouragement and unconditional love. No matter how extraordinary his professional accomplishments, he never lost sight of what mattered most: the people he loved.”
Known for an unfailing ear for innovative music and an innate ability to navigate the shifting currents of popular music, Davis ruled Columbia, Arista and J Records. He most recently served as the chief creative officer for Sony Music Entertainment.
The Grammy Award-winning producer’s career spanned six decades and was marked with both success and turbulence as he developed an astonishing stable of talent, with Rod Stewart, TLC, Carlos Santana, Aretha Franklin, Barry Manilow, Alicia Keys and Christina Aguilera among others. He also co-founded Bad Boy Records with Sean “Diddy” Combs, home to hip-hop artists such as the Notorious B.I.G.
Admirers said the veteran producer’s longevity as a high-profile record company chief was due largely to his knack for matching artists with can’t-miss songs, which often soared up the charts and raked in Grammy nominations by the armful. His annual pre-Grammy party was a not-to-be-missed industry event, even when it went virtual amid the COVID-19 pandemic in 2021.
Davis’ driving goal was “to find a song that fits naturally, so there’s no sense of artificiality when they sing it,” he told The Times in 2014.
Born April 4, 1932, in Brooklyn, Davis’ parents died when he was still a teen and he moved in with a sister. He received full scholarships to New York University and Harvard Law School and graduated with honors from both. He began his professional career as a corporate lawyer working with CBS Records and was eventually recruited into the label’s executive offices.
The label was then home to a young Bob Dylan, who tangled with Davis when the young folk singer pushed to include a song called “Talkin’ John Birch Society Blues” on his 1963 album “The Freewheelin’ Bob Dylan.”
Davis, as Columbia’s general counsel, felt certain lines in the protest song were libelous and told the infuriated songwriter that it wouldn’t make it onto the record, he wrote in one of his two memoirs. Though furious, Dylan relented.
Davis credited attending the Monterey Pop Festival — the 1967 seminal music festival that featured adventuresome acts such as the Who, Jimi Hendrix and Jefferson Airplane — for opening his eyes to the emerging psychedelic music scene. The festival brought him in contact with Joplin, who then was the lead singer of the rock band Big Brother and the Holding Company. It was his first — and likely his best, he said repeatedly — signing.
During his reign at Columbia/CBS, the company threw open its doors to rock and folk music, issuing early albums from Springsteen, Santana, Aerosmith, Laura Nyro and Billy Joel.
When Springsteen turned in the first recording of his debut album, “Greetings From Asbury Park, N.J.,” Davis asked him if he could come up with some additional material because he didn’t hear any potential hits.
“I went to the beach and wrote ‘Blinded by the Light’ and ‘Spirit in the Night,’” Springsteen said later. “That was a good call. They ended up being two of my favorite songs on the record.”
But Davis’ penchant for spending lavishly caught up with him and he was pushed out of CBS amid accusations that he used company money for his son’s bar mitzvah and other personal expenses — charges that were never proven. He quickly founded Arista Records where his winning streak of mainstream hits continued.
Clive Davis in 2016
(Kirk McKoy / Los Angeles Times)
After signing a 19-year-old Houston, she became one of the most successful female vocalists in recording history. In 1999, he spearheaded Santana’s comeback album, “Supernatural,” returning the guitarist to contemporary pop radio and winning eight Grammys in the process.
His Midas touch was questioned however when the German R&B duo Milli Vanilli achieved international success and a Grammy only to tumble into infamy when it was discovered that neither of the group’s members sang vocals on their music. The duo was later stripped of their Grammy. Davis insisted he was unaware of the deception.
Despite his successes, Davis was forced out of Arista in 2000, officially because at 71 he was past retirement age. But he didn’t let up, creating J Records, a subsidiary of BMG, and scored hits with artists such as Alicia Keys and Busta Rhymes. Four years later, he was named chief executive of BMG North America, which included control of Arista.
He worked closely with several “American Idol” winners and runners-up at the peak of the singing competition’s popularity, including Clay Aiken and Ruben Studdard. In 2007, he openly feuded with original “Idol” winner Kelly Clarkson over creative control of her second album. He publicly apologized but insisted the album could have been far better.
In 2009, Davis performed another feat by returning a slumping Houston to the top of the charts with the comeback album, “I Look to You,” debuting at No. 1 on the Billboard charts. The singer, who was slated to attend his annual pre-Grammy bash, drowned in a bathtub at the Beverly Hilton the night before the event. Toxicology tests later revealed there was cocaine and other drugs in her system.
“For a while, I did believe that she had stopped drugs,” Davis said of Houston’s final years, devoting much of his second memoir to the pop titan. She visited him at home in L.A. just before she died and he came away believing she was clean and primed to mount a comeback. “There was no comprehension on her part or my part that she was flirting with death.”
As a producer, Davis notched four competitive Grammy Awards, two with Santana, one with Clarkson and one with Jennifer Hudson, but shepherded several nominations and wins for artists. He also received the Grammy Trustees Award in 2000 and the President’s Merit Award in 2009.
The Grammy Museum in Los Angeles named its 200-seat venue the Clive Davis Theater and the Rock & Roll Hall of Fame inducted Davis into its non-performers category in 2000. NYU named its art school’s music division the Clive Davis Institute of Recorded Music. He was portrayed by Stanley Tucci in the 2022 biopic “Whitney Houston: I Wanna Dance with Somebody.”
“Clive was one of the first to recognize the invaluable impact that the Grammy Museum could have, not just within the music industry but for music lovers, as well,” Grammy Museum President and Chief Executive Michael Sticka said Monday in a statement. “Not only did he recognize our impact, but he generously supported it as the first person to donate seven-figures to further our mission and work.”
Davis was twice married and published his first memoir, “Clive: Inside the Record Business,” in 1975. He followed it with “The Soundtrack of My Life” in 2013 in which he revealed that he was bisexual. He wrote that he first had a sexual encounter with a man during the disco era in New York City and began leading a “bisexual life” after separating from his second wife, Janet Adelberg, with whom he had two of his four children. He had two long-term partners later in life.
“My family knew and my closest friends knew,” he told Rolling Stone in 2013. “But bisexuality is and was misunderstood: ‘You’re either gay or straight, or you’re lying.’ But that’s not true. Maybe I should have had the courage earlier to air the issue. But I knew I would air it when I wrote my autobiography.”
Davis is survived by his four children; Fred, Lauren, Mitchell and Doug; eight grandchildren; two great grandchildren; and longtime partner Greg Schriefer.
-
San Diego, CA3 minutes agoSan Diego Unified leaders propose policy to limit technology in classrooms
-
Milwaukee, WI6 minutes agoRacine’s Greek community reflects on Giannis’ celebration of Greek culture
-
Atlanta, GA11 minutes ago
Report: Atlanta Falcons agree to terms with Kyle Pitts on contract extension
-
Minneapolis, MN18 minutes agoMayor Frey outlines timeline for selecting next Minneapolis police chief
-
Indianapolis, IN21 minutes agoRain & storms will return soon, hot & humid next week
-
Pittsburg, PA26 minutes agoWill Howard, Drew Allar Huge Winners of Steelers QB News
-
Augusta, GA33 minutes agoRichmond County school board member Walter H. Eubanks dies
-
Washington, D.C36 minutes agoFirst Nebraska civics bee champion crowned, will head to Washington, D.C. for national competition