FBI agents raided the home of Polymarket CEO Shayne Coplan early Wednesday, seizing his phone and other devices following the platform’s accurate prediction of President Donald Trump’s reelection. The raid has raised questions about whether the move was politically motivated.
“This is nothing but political theater,” a source close to Coplan told The Post. “They didn’t need to stage a raid—they’re making a statement.”
🚨🇺🇸 BREAKING: FBI SEIZES POLYMARKET CEO’S ELECTRONICS AFTER TRUMP ELECTION PREDICTION
The FBI seized Polymarket CEO Shayne Coplan’s phone and electronics at his Soho home early Wednesday, just a week after Polymarket accurately predicted Trump’s election win.
Sources close to… pic.twitter.com/tKmc8JKvAW
— Mario Nawfal (@MarioNawfal) November 13, 2024
Polymarket’s Election Day prediction, which gave Trump a decisive lead, has faced criticism from media outlets alleging market manipulation. However, a Polymarket spokesperson insisted the platform remains a neutral and transparent prediction tool.
The company has previously faced regulatory challenges, including a $1.4 million penalty for failing to comply with U.S. laws. Despite this, it announced plans to resume U.S. operations, sparking renewed government scrutiny.
This might be one of the final bosses of the “then they fight you phase”.
The FBI raiding the house of the founder of Polymarket is REALLY scary pic.twitter.com/ctSyedi0vl— Ab (@abrahamcr) November 13, 2024
Being reported that the FBI raided Polymarket founders home this morning & seized his phone and electronics.
They gave him no reason.
Polymarket predicted Trump would win.
This looks like political retribution and is actually bone chilling.
WTF is this administration doing. pic.twitter.com/QaBKrSNA2x
— RYAN SΞAN ADAMS – rsa.eth 🦄 (@RyanSAdams) November 13, 2024
A recent report about a French trader profiting $85 million from Trump-related bets has only added to the controversy. While the trader denied influencing election outcomes, the FBI raid has reignited debates about Polymarket’s role in shaping public opinion.
More denial is in place as @Polymarket CEO gets raided by theFBI. #crypto #blockchain #digitalassets – @elonmusk Not too soon before a takeover in DC changes these antics. pic.twitter.com/6i3PRrVvUv
— PaulBarron (@paulbarron) November 13, 2024
BREAKING: the FBI has allegedly raided the home of Polymarket founder and CEO @shayne_coplan and "demanded his phone and electronics."
We don't have all the details, but our piece from last month detailing the US government's little-known, partisan-fueled war on prediction… pic.twitter.com/nZtklhOncO
— Pirate Wires (@PirateWires) November 13, 2024
Coplan, who has not been charged, responded with humor on social media but has declined to comment further. The raid highlights the growing tension between innovative platforms and political interests.
