FBI Raids Polymarket CEO's Home Amid DOJ Investigation

The FBI raided the New York City apartment of Polymarket CEO Shayne Coplan, seizing his cellphone and other electronic devices. This action follows Polymarket's controversial success in predicting the presidential election outcome in favor of Donald Trump. Although Coplan has not been arrested or charged, the raid has sparked debate over the legality and influence of election betting markets, especially given Polymarket's use of cryptocurrency to maintain user anonymity. The company, which was previously halted by the Commodity Futures Trading Commission, claims the raid is politically motivated.