FBI raids home of crypto chief Shayne Coplan following Trump victory
The FBI has raided the home of a crypto betting prodigy whose start-up correctly called the US presidential election for Donald Trump.
Shayne Coplan, the 26-year-old founder of Polymarket, had his phone seized by US police officers at his home in Manhattan, the New York Post reported.
Bloomberg News reported that the raid was part of an investigation by the Department of Justice into allegations that Polymarket had allowed US-based users to gamble on its site.
Polymarket has been barred from offering its services in the US since 2022, when it was forced to pay a $1.4m (£1.1m) fine for failing to properly register its app.
However, in a post on X Mr Coplan accused the Democrats of a “last-ditch effort to…
