According to a new report, Polymarket CEO Shayne Coplan’s phone and electronics were taken on Wednesday by the Federal Bureau of Investigation ( FBI ). The FBI assault comes only one week after the betting site’s successful prediction that Vice President Kamala Harris would lose to President-elect Donald Trump in the 2024 election.
The 26-year-old Polymarket CEO woke up to law enforcement officers raiding his Manhattan apartment at 6 a.m. on Wednesday, according to an unnamed source with expertise of the FBI raid. Coplan allegedly was forced to give up his phone and other technology during the FBI raid by law protection.
The U.S. Justice Department is looking into the betting site because it supposedly let Americans make trades on the program, according to a source who was aware of the FBI raid on Wednesday. The deal Polymarket and the Commodity Futures Trading Commission made in 2022 require the betting site to stop Americans from transacting with it, according to the outlet.
A week after the Polymarket CEO announced that the betting system was planning to return to the United States, the FBI conducted a raid on Coplan, according to The New York Post.
According to a cause, FBI agents did not explain the reason for the attack on Wednesday to Coplan. Nevertheless, the source described the attack as “grand social drama at its worst”, saying,” They may have asked his attorney for any of these things. Otherwise, they conducted a’roof raid’ to make it public and for blatant political purposes.
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The incoming administration’s “outgoing administration” is clearly responsible for providing a market that effectively called the 2024 presidential election, according to the private source.
According to , Axios, Polymarket predicted that Trump had a 62.3 % chance of winning the 2024 presidential election on Election Day, while Harris only had a 37.9 % chance of winning on Election Day.
Coplan was never detained during the FBI raid and never charged with a violence, according to a Polymarket spokesman on Wednesday.
The spokeswoman told The New York Post,” Polymarket is a completely clear projection business that helps regular people understand the situations that matter most to them, including elections.” We do n’t charge any fees, take no positions in trading, and give access to world-wide market analysts as a public good.
Following Wednesday’s FBI attack, Coplan shared a blog on X, previously Online, saying,” New telephone, who dis”?
