Federal law enforcement agents raided the downtown New York home of Polymarket CEO Shayne Coplan on Nov. 13, seizing his phone and electronics, the company said.
The early-morning raid followed last week’s presidential election, in which bettors on Polymarket, an offshore, crypto-fueled election gambling website, had for weeks put President-elect Donald Trump’s odds higher than those of Vice President Kamala Harris, in a divergence from some opinion polls.
Coplan, Polymarket’s 26-year-old founder, was roused from his bed in New York City’s SoHo neighborhood at 6 a.m. by FBI agents demanding he give them his electronic devices, according to the company….