The FBI seized Polymarket CEO Shayne Coplan’s phone and electronics early Wednesday morning — just a week after the election-betting platform

FBI seizes Polymarket CEO’s phone, electronics after betting platform predicts Trump win: source

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2024-11-13 21:00:08

The FBI seized Polymarket CEO Shayne Coplan’s phone and electronics early Wednesday morning — just a week after the election-betting platform successfully predicted President-elect Donald Trump’s win, The Post has learned.

The 26-year-old entrepreneur was woken up at 6:00 a.m. in his Soho home by law US enforcement officers who demanded his phone and electronics, a source close to the matter told The Post.

It’s “grand political theater at its worst,” the source told The Post. “They could have asked his lawyer for any of these things. Instead, they staged a so-called raid so they can leak it to the media and use it for obvious political reasons.”

Coplan was not provided any reason for the incident, but the source said they expect it is political retribution since Polymarket accurately predicted Trump’s win – not traditional polls.

The government is likely trying to accuse Polymarket of market manipulation and rigging its polls in favor of Trump, the source said.

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