Polymarket, the betting market that drew attention by correctly predicting a win by Donald Trump in the 2024 election, is now earning new headlines for a stickier reason. The.
Polymarket, the betting market that drew attention by correctly predicting a win by Donald Trump in the 2024 election, is now earning new headlines for a stickier reason. The New York Post reports that early Wednesday, the FBI raided the Manhattan residence of CEO Shayne Coplan, with a source telling the paper that agents seized the 26-year-old’s phone and other electronic devices. A Polymarket rep said later that evening that Coplan wasn’t arrested and hadn’t been charged, but a source tells Bloomberg that Polymarket is the subject of a Justice Department investigation for allegedly accepting trades from Americans (bettors in the US haven’t been permitted to use Polymarket after trading here was paused in 2022).
