FBI Raids Polymarket CEO Shayne Coplan's Home, Seizes Electronics After Trump Prediction

Nov 13, 2024, 08:44 PM

The FBI has raided the Soho residence of Polymarket CEO Shayne Coplan and seized his phone and electronic devices early Wednesday morning, according to sources cited by the New York Post. This action comes a week after the decentralized prediction market platform accurately forecasted President-elect Donald Trump's election victory, outperforming traditional polls. Sources close to Coplan have described the seizure as "political retribution" for Polymarket's correct prediction.