FBI Raids Polymarket CEO's Home Amid Illegal Betting Allegations

The FBI raided the home of Polymarket CEO Shayne Coplan as part of a criminal investigation into whether the prediction market platform accepted illegal bets from US users, violating a previous settlement with the Commodity Futures Trading Commission. Although Coplan was not arrested, the raid involved seizing electronic devices. Polymarket, which is banned from taking US bets, has been linked to political figures and faced allegations of market manipulation. The company denies wrongdoing and plans to return to the US market.