The FBI seized the telephone and electronics of Polymarket CEO Shayne Coplan on Nov. 13, the New York Submit reported, citing a supply.
In response to the report, the supply stated the federal government is allegedly making an attempt to accuse Polymarket of market manipulation and rigging its polls in favor of Trump. Nevertheless, as of press time, there isn’t any affirmation of the supply’s claims.
Moreover, the supply shared that Coplan was woken at 6:00 A.M. ET by legislation 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 by means of Coplan’s legal professional relatively 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 on account of its correct election final result prediction. It added:
“That is apparent political retribution by the outgoing administration towards Polymarket for offering a market that appropriately referred to 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 legislation faculty graduate and a seasoned journalist with six years of expertise within the crypto trade. His experience primarily focuses on the Brazilian blockchain ecosystem and developments in decentralized finance (DeFi).