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Federal agents seized the phone and electronic devices of Polymarket CEO Shayne Coplan in an early morning raid on his Manhattan apartment, just a week after the crypto betting platform correctly predicted Donald Trump’s stunning 2024 presidential election win.that the FBI conducted an early morning raid on the Soho apartment of 26-year-old Shayne Coplan, the founder and CEO of the prediction market platform Polymarket.
Speculation also suggests that the FBI may be acting on recent leftist media reports accusing Polymarket of market manipulation and rigging its polls in favor of Trump. However, a Polymarket spokesperson stated that the platform is “fully transparent” and allows observers from around the world to analyze all market data as a public good.
Polymarket, which does not allow trading in the US but can be accessed by bettors using a VPN, has been planning to return to the US market. The platform has also been linked to Trump allies, with billionaire Trump supporter Peter Thiel reportedly raising around $70 million in funding for the company.
Following the election, a mystery French trader known as “Théo” reportedly reaped millions in profits on Trump bets placed on Polymarket. As Breitbart News
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