FBI Raids Polymarket CEO at 6 a.m., Seizes Electronics After Trump Prediction

Nov 13, 2024, 09:05 PM

The FBI has seized Polymarket CEO Shayne Coplan's phone and electronics after the betting platform accurately predicted Donald Trump's election win, according to the New York Post. The early morning raid at Coplan's New York City apartment reportedly took place at 6 a.m., with agents demanding his phone and other electronic devices. Sources close to Coplan, who was not arrested, allege that the raid is "political retribution" and call it "Grand Political Theater at its Worst." Polymarket, a crypto-based prediction market platform, had successfully forecasted Trump's victory, outperforming traditional polls. The reasons for the FBI's seizure remain unclear, and no official explanation has been provided.