Polymarket CEO's phone and computers were raided by FBI as part of 'illegal bets' probe

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Polymarket CEO's phone and computers were raided by FBI as part of 'illegal bets' probe

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The FBI was probing the possibility that Polymarket had engaged in illegal betting during the presidential election when officers conducted a dawn raid this week. Shayne Coplan, the 26-year-old CEO of the betting agency which correctly predicted the outcome of the race to the White House, was ordered to hand over his phone and electronics on Wednesday. His Soho home was raided in the early hours on Wednesday, but Coplan was not arrested and has not been charged.
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