FBI Seizes Polymarket CEO’s Electronics in Early Morning Raid Following Trump Election Prediction

Nov 13, 2024, 08:53 PM

FBI agents seized the phone and electronic devices of Polymarket CEO Shayne Coplan, 26, during a search of his SoHo residence in New York City at 6 a.m. on Wednesday morning. The action occurred shortly after Polymarket, an election-betting platform founded by Coplan, accurately predicted President-elect Donald Trump’s victory in the recent presidential election, outperforming traditional polls. Sources close to Coplan allege that the seizure is politically motivated retribution against the platform for its accurate prediction, calling it 'grand political theater at its worst.' The FBI has not disclosed the reason for the seizure, and Coplan was not arrested during the raid.