F.B.I. Searches Home of Shayne Coplan, Polymarket Founder

Published On Nov 13, 2024, 9:46 PM

The FBI recently searched the home of Shayne Coplan, founder of the betting website Polymarket, as part of a criminal investigation into whether the site operated as an unlicensed commodities exchange. This inquiry follows Polymarket's earlier settlement with the Commodity Futures Trading Commission, under which the platform was fined for offering its services to U.S. users without proper registration. The investigation raises significant legal concerns around election betting amid allegations of political targeting by the current administration.