Biden’s FBI Raids Home of Polymarket CEO After Gambling Platform Successfully Predicts Trump VictoryLucas Nolan 14 Nov 2024
Federal agents seized the phone and electronic devices of Polymarket CEO Shayne Coplan in an early morning raid on his Manhattan apartment, just a week after the crypto betting platform correctly predicted Donald Trump’s stunning 2024 presidential election win.
The New York Post reports that the FBI conducted an early morning raid on the Soho apartment of 26-year-old Shayne Coplan, the founder and CEO of the prediction market platform Polymarket. According to a source close to the matter, Coplan was not provided with a reason for the seizure of his phone and other electronics, but the raid is suspected to be politically motivated.
The source believes that the government’s actions are a form of “grand political theater” and retribution against Polymarket for accurately predicting a landslide victory for Donald Trump over Vice President Kamala Harris in the 2024 presidential election. Traditional polls had indicated a different outcome, making Polymarket’s successful prediction stand out.
Speculation also suggests that the FBI may be acting on recent leftist media reports accusing Polymarket of market manipulation and rigging its polls in favor of Trump. However, a Polymarket spokesperson stated that the platform is “fully transparent” and allows observers from around the world to analyze all market data as a public good.
Despite the raid, Coplan was not arrested or charged. He later posted on X/Twitter, “New phone, who dis?” indicating his reaction to the situation. He added another tweet shortly after the raid in which he criticized the Biden administration:
https://twitter.com/shayne_coplan/status/1856838409861386722more
https://www.breitbart.com/tech/2024/11/14/bidens-fbi-raids-home-of-polymarket-ceo-after-gambling-platform-successfully-predicts-trump-victory/