FBI Raids Polymarket CEO’s Home After Trump Election Prediction
Federal agents raided Polymarket CEO @shayne_coplan’s Manhattan apartment early in the morning, seizing his phone and electronic devices.
The raid happened a week after @Polymarket, a crypto betting site, correctly predicted Trump’s 2024 win, defying polls and fueling speculation about political motives behind the FBI’s actions.
Insiders say the government’s raid might be “grand political theater” and revenge against Polymarket for accurate predictions.
Polymarket insists on transparency and denies any wrongdoing.
Despite regulatory challenges and a raid, Polymarket operates outside the US and is backed by high-profile supporters like billionaire Peter Thiel, who reportedly raised significant funds for it.