---------- law enforcement officers arrived at Copeland's Soho
residence at 6:00 a.m.%the FBI arrested Copeland, CEO of Polymarket Electronics, after the platform successfully elected
Polymarket CEO Shane Copan's phone and electronics were seized by the FBI, likely because the platform accurately predicted Trump's election victory.
Sources speculate that the search may be related to allegations of market manipulation, but so far no charges or arrests have been made.
The French gambling regulator may block Polymarket, but the platform is considering launching tokens to keep up the pace of transactions. Federal agents seized the phones and other electronic devices of Polymarket CEO Shane Copeland early Wednesday morning.
The move came shortly after the election betting platform accurately predicted President-elect Donald Trump's victory, beating traditional polls.
law enforcement officials arrived at Copeland's Soho mansion at 6 a. m. and requested access to his device, according to the New York Post. The 26-year-old entrepreneur was not given a specific reason for the arrest.
additionally, many sources close to Copeland claim that the incident is politically motivated. Polymarket believes that this is a retaliation for the platform's accurate prediction, which differs from the usual polls.
rumors point to possible charges of market manipulation, but no charges have been filed, and the CEO of Polymarket has not been detained.
In the run-up to the U. S. elections in 2024, betting on #cryptocurrency has caused an increase in interest and user activity. The trading volume on Polymarket to 11.5% exceeded 30 billion yen. The probability of Trump's victory was 58.3%.
It is reported that one of the most famous accounts, Theo1, earned 2040 million pounds on bets in favor of Trump.
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