FBI Raids Polymarket CEO's Apartment Amid Allegations of Illegal Betting

The FBI raided Polymarket CEO Shayne Coplan's apartment as part of an investigation into illegal U.S. betting practices.

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FBI raided home of Polymarket CEO over alleged illegal bets by US users: sources

New York Post

Polymarket calls FBI raid on CEO ‘political retribution’

Straight Arrow News

FBI raids New York City apartment of Polymarket CEO Shayne Coplan, reports say

USA TODAY

FBI raids Polymarket CEO’s home as part of investigation into election betting

The Independent

Polymarket founder awakes to find Feds raiding his New York home—his company blasts it as ‘obvious political retribution’ for predicting Trump win

Fortune

FBI raids Polymarket CEO's home, seizing phone, electronics

CNBC

FBI Raids Polymarket CEO’s New York Home, Seizes Electronics

Epoch Times

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Overview

A summary of the key points of this story verified across multiple sources.

The FBI conducted a raid on Shayne Coplan's Manhattan apartment, seizing electronic devices amid allegations of illegal betting by Polymarket, a crypto-based prediction market. Coplan claims the action represents political retribution, as the platform accurately predicted Donald Trump's election victory, diverging from polls. The Justice Department is probing potential violations of federal gambling laws, while regulatory scrutiny also arises from claims of market manipulation and operating in the U.S. after a settlement with the Commodity Futures Trading Commission. No arrests were made during the raid.

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