FBI seizes polymarket ceo’s electronics following platform's trump election prediction

FBI agents conducted an early morning raid on the Manhattan residence of Shayne Coplan, CEO of the betting platform Polymarket, seizing his phone and electronic devices, a source close to the case confirmed.

The 26-year-old entrepreneur, surprised by the 6 a.m. raid, was reportedly not given a reason for the action. Polymarket, which allows users to wager on various political outcomes, recently gained attention for accurately predicting Donald Trump's unexpected win over Vice President Kamala Harris.

A source described the raid as "grand political theater," alleging that law enforcement could have requested the devices through Coplan’s attorney but chose a high-profile raid instead. Speculation surrounds the event, with some suggesting that Polymarket’s alignment with Trump-leaning predictions and accusations of market manipulation from liberal media may have influenced the government’s actions. Coplan has yet to make a statement, and the FBI has not disclosed details on the nature of the investigation.