The FBI conducted a raid on the New York City apartment of Shayne Coplan, founder and CEO of Polymarket, a prominent prediction betting market. This platform gained attention during the recent presidential election but may be under scrutiny as Americans are generally restricted from using it. Given the nature of the raid and potential areas of investigation (including illegal gambling, wire fraud, money laundering, or securities violations), there is speculation as to whether Coplan or Polymarket could face formal charges.
Resolves NA if not charged by June 2025.
https://www.axios.com/2024/11/13/polymarket-fbi-shayne-coplan
1,000AFAIK, this is true:
Shayne Coplan has not been charged with any crime as of the latest reports. The FBI raided his New York City apartment on November 13, 2024, seizing his phone and electronics, as part of a Department of Justice investigation into whether Polymarket allowed U.S.-based users to bet, violating a 2022 Commodity Futures Trading Commission settlement. Potential charges speculated include illegal gambling, wire fraud, money laundering, or securities violations, but no formal charges have been filed. Speculation suggests no charges may be filed by June 2025.
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