FBI seizes Polymarket CEO’s phone, electronics after betting platform predicts Trump win: source
SUMMARY
The FBI seized Polymarket CEO Shayne Coplan's phone and electronics early Wednesday morning in what some sources describe as “political theater.” According to a source close to the matter, Coplan, 26, was awakened by federal agents at his Soho residence who confiscated his devices without offering a clear reason for the search. The source suggested that the seizure might be related to Polymarket’s recent success in predicting President-elect Donald Trump’s victory in the 2024 election, contrasting traditional polling results. Polymarket, a decentralized prediction platform, allows users to bet on real-world events and claims to operate transparently, taking no trading positions and charging no fees. While Coplan was not detained, speculation surrounds the FBI’s actions, with suggestions that the government may consider accusations of market manipulation or biasing predictions in favor of Trump. The FBI has yet to issue a comment.
