FBI reportedly raids Polymarket CEO's home after betting platform predicts Trump win: 'Political retribution'

The FBI reportedly raided the Manhattan home of Polymarket CEO Shayne Coplan early Wednesday morning after the election betting platform correctly predicted Donald Trump's victory in the 2024 presidential race last week. 

A spokesperson for Polymarket called it "obvious political retribution by the outgoing administration against Polymarket for providing a market that correctly called the 2024 presidential election." 

The raid, as first reported by the New York Post, involved FBI agents seizing Coplan’s phone and other electronic devices while the 26-year-old CEO was at his SoHo apartment.
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