The FBI seized the telephone and electronics of Polymarket CEO Shayne Coplan on Nov. 13, the New York Put up reported, citing a supply.
In keeping with the report, the supply stated the federal government is allegedly attempting to accuse Polymarket of market manipulation and rigging its polls in favor of Trump. Nonetheless, as of press time, there is no such thing as a affirmation of the supply’s claims.
Moreover, the supply shared that Coplan was woken at 6:00 A.M. ET by regulation enforcement brokers at his Soho residence, who seized his units with out offering a transparent clarification.
The supply additionally highlighted that the federal government might have requested the units via Coplan’s lawyer somewhat than staging an early morning seizure.
Allegations of political motivations
The supply alleged that the seizure was politically motivated, calling it a “grand political theater at worst” and speculating that authorities focused Polymarket as a consequence of its correct election consequence prediction. It added:
“That is apparent political retribution by the outgoing administration towards Polymarket for offering a market that appropriately known as the 2024 presidential election.”
Notably, Polymarket’s predictions had been extra correct than mainstream media polls, with Ethereum co-founder Vitalik Buterin praising the platform’s potential as an efficient supply of data.
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Gino Matos
Gino Matos is a regulation faculty graduate and a seasoned journalist with six years of expertise within the crypto business. His experience primarily focuses on the Brazilian blockchain ecosystem and developments in decentralized finance (DeFi).
