FBI Raids Polymarket CEO's Home, Seizes Electronics

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

The FBI raided the Manhattan home of Shayne Coplan, CEO of the betting platform Polymarket, which had favored Donald Trump in the presidential election. Coplan accused the Biden administration of targeting his company due to perceived political associations. The raid has drawn criticism from tech leaders like Coinbase's Brian Armstrong and Elon Musk. Polymarket, which settled with the Commodity Futures Trading Commission in 2022, had blocked US users but gained attention for its election predictions.

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