The FBI reportedly raided the Manhattan apartment of Shayne Coplan, CEO of betting platform Polymarket, early Wednesday. The raid followed Polymarket’s accurate prediction of Donald Trump’s 2024 presidential victory, a result that contrasted with traditional polls. FBI agents seized Coplan’s phone and electronic devices, though he was not arrested or charged. A source close to Coplan claims the raid was “political retribution” and a tactic to pressure the platform, which some media have accused of market manipulation. Polymarket, which prohibits U.S. trading due to regulatory issues, is reportedly planning a U.S. return despite ongoing scrutiny from French and U.S. authorities. The platform was previously fined $1.4 million by the Commodity Futures Trading Commission (CFTC).

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