FBI Raids Polymarket CEO's Home, Seizes Electronics

1 min read
Source: Business Insider
FBI Raids Polymarket CEO's Home, Seizes Electronics
Photo: Business Insider
TL;DR Summary

The FBI raided the home of Polymarket CEO Shayne Coplan, confiscating his electronic devices as part of a US Justice Department investigation into the company's operations. Polymarket, known for its prediction markets, is under scrutiny for potentially accepting trades from US users despite being unavailable in the country. The raid has been described by a Polymarket spokesperson as "political retribution" by the Biden administration, a claim not addressed by the administration.

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