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Polymarket

FBI seizes Polymarket CEO's phone and electronics

SUMMARY

The FBI seized Polymarket CEO Shayne Coplan’s phone and electronics early Wednesday morning, shortly after the platform accurately predicted Donald Trump’s election victory. Coplan was awakened by law enforcement at his home in Soho, and a source described the raid as “grand political theater at its worst.”

The source suggested that the raid is politically motivated retribution for Polymarket's prediction. The government may accuse Polymarket of market manipulation. A Polymarket spokesperson defended the platform as a transparent prediction market that aids public understanding of important events.

Coplan was not arrested, and the FBI has not commented on the incident.


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