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The FBI raid the home ofPolymarketCEO Shayne Coplan on Wednesday morning and seized his electronics , a party spokespersonconfirmedto Axios .
It ’s not exonerated what the FBI was seeking . In particular , it ’s unclear if Polymarket , Coplan , or both are the targets of an investigation .
Polymarket , one of the most dynamic prediction betting grocery store , gained mainstream aid during the recent U.S. presidential election . American are disallow by law of nature from using the marketplace , which of late raised over $ 80 million from investors including Peter Thiel ’s Founders Fund .
In a statement to Axios , the spokesperson called the move “ obvious political requital by the outgoing organisation against Polymarket for providing a market that correctly called the 2024 presidential election . ” They added : “ Polymarket is a to the full transparent prediction market that helps everyday people better understand the events that matter most to them , including elections . ”
anticipation markets let in Polymarket and its competitors Kalshi and PredictItpaid outhundreds of millions of dollar sign to election bettor accompany Donald Trump ’s victory .
