The FBI seized Polymarket CEO Shayne Coplan’s telephone and electronics early Wednesday morning — only a week after the election-betting platform efficiently predicted President-elect Donald Trump’s win, The Put up has discovered.
The 26-year-old entrepreneur was woken up at 6:00 a.m. in his Soho residence by legislation US enforcement officers who demanded his telephone and electronics, a supply near the matter instructed The Put up.
It’s “grand political theater at its worst,” the supply instructed The Put up. “They could have asked his lawyer for any of these things. Instead, they staged a so-called raid so they can leak it to the media and use it for obvious political reasons.”
Coplan was not supplied any purpose for the incident, however the supply mentioned they anticipate it’s political retribution since Polymarket precisely predicted Trump’s win – not conventional polls.
The federal government is probably going making an attempt to accuse Polymarket of market manipulation and rigging its polls in favor of Trump, the supply mentioned.
“This is obvious political retribution by the outgoing administration against Polymarket for providing a market that correctly called the 2024 presidential election,” the supply mentioned.
“Polymarket is a fully transparent prediction market that helps everyday people better understand the events that matter most to them, including elections,” a Polymarket spokesperson instructed The Put up in an announcement.
“We charge no fees, take no trading positions, and allow observers from around the world to analyze all market data as a public good.”
Coplan was not arrested, the supply mentioned.
The FBI didn’t instantly reply to a request for remark.
