FBI Raids Home of Polymarket CEO Shayne Coplan

Federal agents raided Polymarket founder Shayne Coplan’s Soho home early on November 13, 2024, confiscating his phone and electronic devices, The New York Post reports. Sources close to Coplan described the action as “grand political theater,” suggesting authorities could have requested the items more discreetly. The timing—just after Polymarket’s accurate prediction of the 2024 election outcome—has sparked speculation about political motives.

Polymarket is known for its accurate political predictions, frequently outpacing traditional polls. In 2024, the platform showed a stronger likelihood of a Trump victory than mainstream polling, raising questions about the reliability and potential biases in traditional polling.