{"id":125949,"date":"2024-11-15T02:01:32","date_gmt":"2024-11-14T19:01:32","guid":{"rendered":"https:\/\/hotvideos24.online\/?p=125949"},"modified":"2024-11-15T02:01:32","modified_gmt":"2024-11-14T19:01:32","slug":"fbi-raids-polymarket-ceo-shayne-coplans-apartment-seizes-phone-source","status":"publish","type":"post","link":"https:\/\/hotvideos24.online\/?p=125949","title":{"rendered":"FBI raids Polymarket CEO Shayne Coplan&#8217;s apartment, seizes phone: source"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<\/p>\n<div>\n<p class=\"\">NEW YORK CITY \u2014 The FBI seized a cellphone and other electronic devices of betting site Polymarket\u2019s CEO Shayne Coplan in a raid on his New York City apartment early Wednesday, according to a source familiar with the matter.\u00a0<\/p>\n<p class=\"\">The search comes shortly after the company\u2019s markets wagered correctly and <a href=\"https:\/\/www.nbcnews.com\/tech\/social-media\/polymarket-election-odds-market-ads-kalshi-polls-robinhood-rcna178020\" target=\"_blank\" rel=\"noopener\">controversially<\/a> in Donald Trump\u2019s favor in bets for who would win the presidential election, despite opinion polls showing a tight race.\u00a0<\/p>\n<p class=\"\">The 26-year-old was at home when numerous agents entered his apartment Wednesday and he turned over his devices to authorities, the source said, adding that Coplan has not been arrested or charged. The source said it\u2019s not clear if Coplan or Polymarket are targets of an investigation.<\/p>\n<p class=\"\">\u201cNew phone, who dis?\u201d Coplan posted on <a href=\"https:\/\/x.com\/shayne_coplan\/status\/1856808022481539192\" target=\"_blank\" rel=\"noopener\">X<\/a> following the raid.\u00a0<\/p>\n<p class=\"\">Polymarket, which Coplan founded in 2020, has recently been the subject of intense debate and scrutiny over its creation of election betting markets. The company brought in more than<a href=\"https:\/\/www.nbcnews.com\/tech\/tech-news\/billions-bet-election-odds-using-online-markets-rcna179195\" target=\"_blank\" rel=\"noopener\"> $3.6 billion<\/a> from bets placed on the presidential election, including $1.5 billion on Trump and $1 billion on Vice President Kamala Harris, according to an <a href=\"https:\/\/www.nbcnews.com\/tech\/tech-news\/billions-bet-election-odds-using-online-markets-rcna179195\" target=\"_blank\" rel=\"noopener\">NBC News analysis<\/a>.<\/p>\n<p class=\"\">Speculation has swirled around the identity of major bettors who wagered on Trump, and whether or not the odds and the existence of the markets could have had an effect on voters.<\/p>\n<p class=\"\">Though U.S. election betting is <a href=\"https:\/\/www.nbcnews.com\/politics\/2024-election\/election-betting-newly-legal-risks-getting-confused-polls-rcna177880\" target=\"_blank\" rel=\"noopener\">newly legal<\/a> in some circumstances, Polymarket is not supposed to allow U.S. users after the Commodity Futures Trading Commission halted its operations in 2022, but its userbase largely operates through cryptocurrency, which allows for easy anonymity.\u00a0<\/p>\n<p class=\"\">Coplan has continuously defended the site as \u201cnonpartisan,\u201d blaming the Biden administration and the recent Democratic loss as reasoning for the raid.\u00a0<\/p>\n<p class=\"\">\u201cIt\u2019s discouraging that the current administration would seek a last-ditch effort to go after companies they deem to be associated with political opponents,\u201d Coplan said on <a href=\"https:\/\/x.com\/shayne_coplan\/status\/1856838409861386722\" target=\"_blank\" rel=\"noopener\">X<\/a>. \u201cPolymarket has provided value to 10\u2019s of millions of people this election cycle, while causing harm to nobody.\u201d<\/p>\n<figure class=\"styles_inlineImage__yAWZ0 styles_small__5hUB_ styles_portrait__NRWbO\"><picture class=\"styles_image__1qciH\" data-testid=\"picture\"><source media=\"(min-width: 1240px)\" srcset=\"https:\/\/media-cldnry.s-nbcnews.com\/image\/upload\/t_fit-360w,f_avif,q_auto:eco,dpr_2\/rockcms\/2024-11\/241114-shayne-coplan-one-time-use-se-108p-1eccc1.jpg 2x, https:\/\/media-cldnry.s-nbcnews.com\/image\/upload\/t_fit-360w,f_auto,q_auto:best\/rockcms\/2024-11\/241114-shayne-coplan-one-time-use-se-108p-1eccc1.jpg 1x\"\/><source media=\"(min-width: 1000px)\" srcset=\"https:\/\/media-cldnry.s-nbcnews.com\/image\/upload\/t_fit-320w,f_avif,q_auto:eco,dpr_2\/rockcms\/2024-11\/241114-shayne-coplan-one-time-use-se-108p-1eccc1.jpg 2x, https:\/\/media-cldnry.s-nbcnews.com\/image\/upload\/t_fit-320w,f_auto,q_auto:best\/rockcms\/2024-11\/241114-shayne-coplan-one-time-use-se-108p-1eccc1.jpg 1x\"\/><source media=\"(min-width: 758px)\" srcset=\"https:\/\/media-cldnry.s-nbcnews.com\/image\/upload\/t_fit-560w,f_avif,q_auto:eco,dpr_2\/rockcms\/2024-11\/241114-shayne-coplan-one-time-use-se-108p-1eccc1.jpg 2x, https:\/\/media-cldnry.s-nbcnews.com\/image\/upload\/t_fit-560w,f_auto,q_auto:best\/rockcms\/2024-11\/241114-shayne-coplan-one-time-use-se-108p-1eccc1.jpg 1x\"\/><source media=\"(min-width: 320px)\" srcset=\"https:\/\/media-cldnry.s-nbcnews.com\/image\/upload\/t_fit-760w,f_avif,q_auto:eco,dpr_2\/rockcms\/2024-11\/241114-shayne-coplan-one-time-use-se-108p-1eccc1.jpg 2x, https:\/\/media-cldnry.s-nbcnews.com\/image\/upload\/t_fit-760w,f_auto,q_auto:best\/rockcms\/2024-11\/241114-shayne-coplan-one-time-use-se-108p-1eccc1.jpg 1x\"\/><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/media-cldnry.s-nbcnews.com\/image\/upload\/t_fit-760w,f_auto,q_auto:best\/rockcms\/2024-11\/241114-shayne-coplan-one-time-use-se-108p-1eccc1.jpg\" alt=\"Shayne Coplan posing for a photo\" height=\"2500\" width=\"1667\"\/><\/picture><figcaption class=\"caption styles_caption__Pe5JC\" data-testid=\"caption\"><span class=\"caption__container\" data-testid=\"caption__container\">Shayne Coplan of Polymarket in Chicago, on Aug. 21, 2024.<\/span><span class=\"caption__source\" data-testid=\"caption__source\">Matthew Reeves \/ BFA.com\/Shutterstock<\/span><\/figcaption><\/figure>\n<p class=\"\">In a statement, a Polymarket spokesperson said to NBC News, \u201cThis is obvious political retribution by the outgoing administration against Polymarket for providing a market that correctly called the 2024 presidential election. Polymarket is a fully transparent prediction market that helps everyday people better understand the events that matter most to them, including elections. We charge no fees, take no trading positions, and allow observers from around the world to analyze all market data as a public good. We look forward to standing up for ourselves and our community and continuing to help everyday people understand important world events.\u201d\u00a0<\/p>\n<p class=\"endmark\">Nicholas Biase, a spokesperson for the U.S Attorney\u2019s Office in the Southern District of New York, declined to comment.<\/p>\n<\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><div data-type=\"_mgwidget\" data-widget-id=\"1660802\">\r\n<\/div>\r\n<script>(function(w,q){w[q]=w[q]||[];w[q].push([\"_mgc.load\"])})(window,\"_mgq\");\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/www.nbcnews.com\/tech\/tech-news\/fbi-raids-polymarket-ceo-shayne-coplans-apartment-seizes-phone-source-rcna180180\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK CITY \u2014 The FBI seized a cellphone and other electronic devices of betting site Polymarket\u2019s CEO Shayne Coplan in a raid on his New York City apartment early &hellip; <a href=\"https:\/\/hotvideos24.online\/?p=125949\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8629],"tags":[],"class_list":["post-125949","post","type-post","status-publish","format-standard","hentry","category-u-s","entry"],"_links":{"self":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/125949","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=125949"}],"version-history":[{"count":0,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/125949\/revisions"}],"wp:attachment":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=125949"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=125949"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=125949"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}