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suegeo

(2,829 posts) Wed Nov 13, 2024, 06:59 PM Nov 13

FBI raids home and seizes phone of Polymarket founder

Source: The Guardian

The FBI raided the home of the chief executive of the predictive betting site Polymarket and seized his phone late on Wednesday.

Shayne Coplan, the 26-year-old CEO of the company, woke early on Wednesday morning in Manhattan to federal agents in his home, the New York Post first reported. Coplan himself was not arrested, the company said.

Making bets and predictions on Polymarket is not allowed in the US, though users can and do circumvent the prohibition via virtual private networks (VPNs). A week ago, the company announced it would resume operations in the US. The company had paid a $1.4m fine to the Commodity Futures Trading Commission in 2022 for failing to register with the agency as required and was forced to pause trading at the same time.

Read more: https://www.theguardian.com/technology/2024/nov/13/fbi-raid-polymarket-founder-trump-election

5 replies

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FBI raids home and seizes phone of Polymarket founder (Original Post) suegeo Nov 13 OP

KICK suegeo Nov 13 #1

Fishy stuff. KICK suegeo Nov 13 #2

Fishy suegeo Nov 14 #3

French regulator probes Peter Thiel-backed betting platform suegeo Nov 14 #4

For a big enough offering, Trump will end that investigation. Wonder Why Nov 14 #5

suegeo

(2,829 posts)

1. KICK

Reply to suegeo (Original post)

Wed Nov 13, 2024, 07:15 PM

Nov 13

suegeo

(2,829 posts)

2. Fishy stuff. KICK

Reply to suegeo (Original post)

Wed Nov 13, 2024, 08:30 PM

Nov 13

suegeo

(2,829 posts)

3. Fishy

Reply to suegeo (Reply #2)

Thu Nov 14, 2024, 09:47 AM

Nov 14

suegeo

(2,829 posts)

4. French regulator probes Peter Thiel-backed betting platform

Reply to suegeo (Original post)

Thu Nov 14, 2024, 09:53 AM

Nov 14

https://www.politico.eu/article/french-regulator-opens-probe-into-election-betting-platform-polymarket/

The French National Gaming Authority is investigating crypto betting platform Polymarket, the regulator told POLITICO on Thursday.

"We are familiar with this site and are currently examining its operation and compliance with France's legislation on gambling," the National Gaming Authority said.

Polymarket is a platform that allows users to bet with cryptocurrency on the outcome of various high-profile events and it surged in popularity during the U.S. presidential election. In May, tech billionaire Peter Thiel's Founders Fund led a $45 million round of investment into Polymarket.

Wonder Why

(4,598 posts)

5. For a big enough offering, Trump will end that investigation.

Reply to suegeo (Original post)

Thu Nov 14, 2024, 12:07 PM

Nov 14

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