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FBI raids home of Polymarket CEO Shayne Coplan
The FBI raided the home of Polymarket CEO Shayne Coplan on Wednesday and seized his electronics.
The FBI raided the home of Polymarket CEO Shayne Coplan on Wednesday morning and seized his electronics, a company spokesperson confirmed to Axios. Americans are prohibited by law from using the market, which recently raised over $80 million from investors including Peter Thiel’s Founders Fund. Prediction markets including Polymarket and its competitors, Kalshi and PredictIt, paid out hundreds of millions of dollars to election betters following Donald Trump’s victory.
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