The Federal Bureau of Investigation seized Polymarket CEO Shayne Coplan’s phone and electronics Wednesday, according to a report in the New York Post, which cited an anonymous source.

Coplan "was woken up at 6:00 a.m. in his Soho home by law U.S. enforcement officers who demanded his phone and electronics," according to the report.

Polymarket users predicted that Donald Trump would be victorious in the U.S. presidential election on Nov. 5.

This is a developing story and will be updated. 

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