FBI Raids Polymarket CEO’s New York Home, Seizes Electronics

Federal law enforcement agents raided the downtown New York home of Polymarket CEO Shayne Coplan on Nov. 13, seizing his phone and electronics, the company said. The early-morning raid followed last week’s presidential election, in which bettors on Polymarket, an offshore, crypto-fueled election gambling website, had for weeks put President-elect Donald Trump’s odds higher than those of Vice President Kamala Harris, in a divergence from some opinion polls. Coplan, Polymarket’s 26-year-old founder, was roused from his bed in New York City’s SoHo neighborhood at 6 a.m. by FBI agents demanding he give them his electronic devices, according to the company....