Polymarket founder awakes to find Feds raiding his New York home—his company blasts it as ‘obvious political retribution' for predicting Trump win [Fortune]
Coinbase Global, Inc. - Class A (COIN)
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Source: Fortune
turn of events that began when he reportedly woke on Wednesday to find FBI agents raiding his New York City apartment. The exact reasons for the raid—during which Coplan's mobile phone and electronics were confiscated—have not yet been fully revealed, though Americans are barred by law from gambling on offshore and unregulated betting platforms like Polymarket. But the blockchain-based prediction market company has already blasted the raid as “obvious political retribution by the outgoing administration” in comments made to multiple news outlets. Polymarket odds greatly favoring Donald Trump were an early predictor of the groundswell of support that would sweep the former president back into the White House and wrest away the last remaining levers of the federal government still controlled by the Democrats. Now as the final days run out on the Biden presidency, the search of Coplan's residence and seizure of his personal belongings have raised questions over motive and proportio
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