The FBI conducted a raid in Shayne Coplan’s Manhattan apartment and seized his phone late on Wednesday. Shayne Coplan is the CEO of Polymarket, which is a famous predictive betting site. The raid from the FBI was after Polymarket predicted Donald Trump’s win over Kamala Harris in the 2024 presidential election. FBI dictated to hand over Coplan’s phones and other electronic devices. Sources from American media believe that it was a politically motivated move since the reason for the raid was not disclosed or made it to the public. Shayne Coplan was neither arrested nor charged.
Donald Trump’s victory and Shayne Coplan’s apartment raid
The hot news regarding the American presidential election is getting new dimensions and importance. People across the American states know the importance of online media and online platforms in American politics. The hot news coming right after Trump’s Triumph over Kamala Harris in the presidential election is the house raid of Shayne Coplan, who is the CEO of the famous online betting platform Ploymarket.
The 26-year-old American businessman was woken up at 6 am in his apartment by the Federal Bureau of Investigation. And instructed to hand over all electronic devices including his mobile phone. According to the available sources, Coplan was not provided adequate reason for the raid and he believes that it was a political retribution since his betting site predicted Trump’s win over Vice President Kamala Harris.
Coplan was not arrested or charged by the FBI. The FBI is still keeping its silence regarding this issue and hasn’t come forward and responded to the media. Coplan opined that was discouraging, the current administration’s effort to seek a last-ditch move against the companies who were associated with their political opponents.
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Polymarket’s prediction in the American presidential election
Polymarket is a decentralized betting platform launched in 2020 by Shayne Coplan. It has been a hot topic in American politics in recent days. Polymarket accurately predicted the result of the American presidential election and this led to problematic scenarios for Polymarket and its CEO Shayne Coplan. On the morning before the election day, Polymarket showed a 58.6% chance of victory for Donald Trump. And recorded a 41.4% winning chance for Vice President Kamala Harris.
The authorities of Polymarket believe that Coplan’s apartment raid was due to this incident. According to various sources from mainstream American media, the US government could charge Polymarket with market manipulation. Shayne Coplan believes that it is the political retribution by the government for accurately guessing the 2024 presidential election. Shayne Coplan responded and made a bold statement regarding the issue.
“We are deeply committed to being non-partisan, and today is no different, but the incumbents should do some self-reflecting and recognize that taking a more pro-business, pro-startup approach may be what would have changed their fate this election.”
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Is Coplan’s apartment raid a staged retribution from the outgoing Biden government?
American media and poly market authorities believe that the FBI raid that happened in Coplan’s apartment could have been a staged event by the outgoing government led by Joe Biden. The credibility of the raid is questionable because the FBI hasn’t made any official information regarding this raid. Coplan was not provided any reason for the raid and is still unknown to the world. The sources and media suspect that this raid and confiscation of Coplan’s electronic devices is because of predicting the accurate result of the 2024 presidential election.
A spokesperson from Polymarket commented, “This is obvious political retribution by the outgoing administration against Polymarket for providing a market that correctly called the 2024 presidential election,”
The authorities of Polymarket believe that it is a retribution and unfortunate activity from the outgoing government. All the important individuals and business persons are coming with their strong disagreement with the activity of the Biden government.
Polymarket had to stop its services in the US and had to pay a $1.4m fine to the Commodity Futures Trading Commission two years ago for failing to register with the agency. It was a week ago that Polymarket announced its comeback to the US trading market. The raid happened in the apartment of Polymarket’s CEO right after they announced their comeback to US trading creating a lot of concerns too. We will be able to see more dramatic incidents like this in future American politics.
