The FBI raided Polymarket CEO Shayne Coplan’s apartment early Wednesday, seizing his phone and electronics following the platform’s prediction of President Donald Trump’s reelection. The timing has fueled speculation about political motivations behind the investigation.
“This is pure political theater,” a source close to Coplan told The Post. “They could have requested the information through legal channels but chose to stage a raid instead.”
🚨🇺🇸 BREAKING: FBI SEIZES POLYMARKET CEO’S ELECTRONICS AFTER TRUMP ELECTION PREDICTION
The FBI seized Polymarket CEO Shayne Coplan’s phone and electronics at his Soho home early Wednesday, just a week after Polymarket accurately predicted Trump’s election win.
Sources close to… pic.twitter.com/tKmc8JKvAW
— Mario Nawfal (@MarioNawfal) November 13, 2024
Polymarket had predicted Trump’s win with a 58.6% likelihood on Election Day. While critics accuse the platform of favoring Trump, Polymarket maintains it operates transparently, allowing public access to its data without taking positions in markets.
The platform has faced legal challenges before, paying a $1.4 million fine in 2022 for operating without proper registration in the U.S. It is now under investigation by French authorities after a trader reportedly earned $85 million on Trump bets.
This might be one of the final bosses of the “then they fight you phase”.
The FBI raiding the house of the founder of Polymarket is REALLY scary pic.twitter.com/ctSyedi0vl— Ab (@abrahamcr) November 13, 2024
Being reported that the FBI raided Polymarket founders home this morning & seized his phone and electronics.
They gave him no reason.
Polymarket predicted Trump would win.
This looks like political retribution and is actually bone chilling.
WTF is this administration doing. pic.twitter.com/QaBKrSNA2x
— RYAN SΞAN ADAMS – rsa.eth 🦄 (@RyanSAdams) November 13, 2024
Coplan has not been charged, but the raid has drawn attention to Polymarket’s plans to resume U.S. operations. A spokesperson for the platform described the company as committed to transparency and compliance with regulations.
More denial is in place as @Polymarket CEO gets raided by theFBI. #crypto #blockchain #digitalassets – @elonmusk Not too soon before a takeover in DC changes these antics. pic.twitter.com/6i3PRrVvUv
— PaulBarron (@paulbarron) November 13, 2024
BREAKING: the FBI has allegedly raided the home of Polymarket founder and CEO @shayne_coplan and "demanded his phone and electronics."
We don't have all the details, but our piece from last month detailing the US government's little-known, partisan-fueled war on prediction… pic.twitter.com/nZtklhOncO
— Pirate Wires (@PirateWires) November 13, 2024
The raid underscores ongoing tensions between innovative platforms like Polymarket and governments seeking to regulate their influence. As the investigation continues, questions about political interference remain unresolved.
