FBI raids home of Polymarket CEO Shayne Coplan

Quick Summary:

The FBI raided the home of Polymarket CEO Shayne Coplan on Wednesday morning and seized his electronics, a company spokesperson confirmed to Axios.

It’s not clear what the FBI was seeking — or if Polymarket, Coplan, or both are the targets of an investigation.

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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Article Details

Author / Journalist: Kyle Wiggers

Category: Technology

Markets: United States

Topics: Betting markets Polymarket Shayne Coplan In Brief Prediction markets

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-14 @ 14:38:39 (1 weeks ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 169 words

Reading Time: 1 minutes read

Sentences: 7 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 23586858

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