FBI Takes Polymarket's CEO Shayne Coplan's Phone in NYC Apartment Raid

Imagine waking up one morning to find your apartment filled with FBI agents. That's what happened to Shayne Coplan, the 26-year-old CEO of Polymarket, a betting site that's been in the news lately. The agents seized Coplan's phone and other devices. What did they find? Well, that's still a mystery. The raid comes after Polymarket's markets showed unusual support for Donald Trump in the recent presidential election. People are wondering if this has something to do with the election bets.

After all, Polymarket isn't supposed to have U. S. users. But the site's users can easily stay anonymous by using cryptocurrency. Coplan doesn't seem too worried. He posted a joke on X after the raid. Coplan has defended his site, saying it's just helping people understand what might happen in elections. But the FBI's move has raised some eyebrows.

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