FBI Raids Polymarket CEO's Home Amid Betting Platform Investigation

Polymarket founder Shayne Coplan's New York apartment was raided by the FBI, with his electronics seized, sparking accusations of political retribution from his company. The raid's motives remain unclear, but it comes amid Polymarket's predictions favoring Trump's return to power. Critics, including Coinbase's Brian Armstrong, warn the Biden administration's actions could backfire. The incident coincides with political shifts, including Rep. Matt Gaetz's potential new role, and raises questions about the administration's motives and the impact on the crypto industry.