FBI raids home of crypto platform Polymarket CEO, seizes phone
The Federal Bureau of Investigation on Wednesday carried out a raid at the home of Shayne Coplan, CEO of cryptocurrency prediction outlet Polymarket.
Authorities seized Mr Coplan’s phone during the raid, according to New York Post which first reported the incident.
Mr Coplan, 26, has been running the famous platform for bets throughout the 2024 presidential election in the United States.
It wasn’t immediately clear why the search was conducted, but Polymarket promptly said it might be due to its activities during the election. Users on the platform had correctly predicted Donald Trump was going to defeat Kamala Harris. The company paid out a substantial amount to winners following the election.
“This is obvious political retribution by the outgoing administration against Polymarket for providing a market that correctly called the 2024 presidential election,” a spokesperson for Polymarket said in a statement from its headquarters in New York. “Polymarket is a fully transparent prediction market that helps everyday people better understand the events that matter most to them, including elections.”
It was unclear whether or not the FBI would be filing charges after the raid.
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices
Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”
World
Trump’s Republicans win House majority
With the Senate and White House already in hand, the GOP now holds the reins of both the executive and legislative branches.
Abuja
NSA Ribadu vows to chase out new terrorist group Lakurawa
President Bola Tinubu’s administration will flush out the new terrorist group, Lukarawa, from the country.
NationWide
FG restates commitment to tackle housing deficit
The federal government says it has implemented viable programmes to tackle the housing deficit by providing affordable homes to meet modern real estate development benchmarks.
Health
Menopause: FCTA rallies support for women to promote households’ stability, happiness
The mandate secretary of the secretariat, Adedayo Benjamins-Laniyi, said that the move was part of the secretariat’s efforts to promote emotional stability in households.
Economy
NNPC board makes key leadership appointments
NNPC’s board of directors has announced Adedapo Segun’s appointment as the chief financial officer of the oil outfit.
Health
Paediatrician seeks free surgery for neonates
A professor of Paediatric Surgery at the University of Lagos, Adesoji Ademuyiwa, has called for free surgeries for neonates.
