The FBI recently raided the home of Polymarket CEO Shayne Coplan. Polymarket is a prediction market platform that allows users to bet on events. The company is claiming that the raid was an act of political retaliation. Polymarket CEO Coplan is accusing the FBI of targeting the company due to their accurate predictions of the 2024 presidential election and President Donald Trump’s victory.
The company has faced previous legal issues, having to pay a $1.2 million settlement to the Commodity Futures Trading Commission (CFTC). The CFTC has yet to comment on the recent raid. It is unclear if any charges will be filed against Coplan.
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