FBI Raids Polymarket CEO's Home, Seizes Electronics Amid DOJ Probe
TL;DR Summary
The FBI raided the home of Shayne Coplan, CEO of the predictive betting site Polymarket, and seized his phone, though he was not arrested. The raid is reportedly linked to Polymarket's users betting heavily on Donald Trump winning the election, which the company claims is political retribution. The Department of Justice is investigating Polymarket for allegedly allowing US-based users to bet illegally. The raid has drawn criticism from tech industry leaders, including Coinbase's CEO and Elon Musk, who view it as an overreach.
- FBI raids home and seizes phone of Polymarket founder The Guardian
- FBI raids home of Polymarket CEO Shayne Coplan Axios
- FBI Seizes Polymarket Founder’s Phone in Raid of Home The Wall Street Journal
- Exclusive | FBI seizes Polymarket CEO's phone, electronics after betting platform predicts Trump win: source New York Post
- Polymarket Investigated by DOJ for Allegedly Letting US Users Bet on Platform Bloomberg
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