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FBI seizes Polymarket CEO’s phone, electronics after betting platform predicts Trump win: source
nypost.com ^ | Nov. 13, 2024 | Taylor Herzlich

Posted on 11/15/2024 4:46:39 AM PST by V_TWIN

FBI agents raided the Manhattan apartment of Polymarket CEO Shayne Coplan early Wednesday — just a week after the election betting platform accurately predicted Donald Trump’s stunning victory, The Post has learned.

The 26-year-old entrepreneur was roused from bed in his Soho pad at 6 a.m. by US law enforcement personnel who demanded he turn over his phone and other electronic devices, a source close to the matter told The Post.

It’s “grand political theater at its worst,” the source told The Post. “They could have asked his lawyer for any of these things. Instead, they staged a so-called raid so they can leak it to the media and use it for obvious political reasons.”

Coplan was not provided with a reason for the raid, but the source suspects it was political retribution since Polymarket predicted an easy Trump triumph over Vice President Kamala Harris — as opposed to traditional polls.

The source also speculated that the government is likely piggybacking off liberal media reports that accuse Polymarket of market manipulation and rigging its polls in favor of Trump.

(Excerpt) Read more at nypost.com ...


TOPICS: Government; Politics/Elections
KEYWORDS: bidensfault; fbi; kamalasfault; obamasfault; polymarket; tyranny
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To: V_TWIN

So... The FBI is blaming betting markets for Trump’s win... And now they must pay the price?

Malicious prosecutions are against the law... And the FBI has been breaking a lot of laws over the past four years.


21 posted on 11/15/2024 6:42:16 AM PST by jerod (Nazis were essentially Socialist in Hugo Boss uniforms... Get over it!)
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To: SamuraiScot

There are no whistleblowers in the FBI. Contrary to Hannity, 98% of them are not “good, hardworking, honest agents”.


22 posted on 11/15/2024 7:00:04 AM PST by JohnnyP (Thinking is hard work (I stole that from Rush).)
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To: V_TWIN

Funny the FIBBIES never go after the other sports betting platforms. Shickenchits.


23 posted on 11/15/2024 7:05:55 AM PST by FlingWingFlyer (Jamaicans Haitians and Indians used to run motels and 7-11s. Now,they run Congress and the judiciary)
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To: V_TWIN

January 20 at 12:01 PM, there should be a squad of US Marshals at FBI headquarters to deliver his termination letter, confiscate his credentials and service weapon and to escort him from the premises.


24 posted on 11/15/2024 7:06:09 AM PST by Gaffer
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To: JohnnyP
There are no whistleblowers in the FBI

. . . yet.

25 posted on 11/15/2024 7:24:04 AM PST by SamuraiScot
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To: Red Badger

The purported purpose is the website allowed bettors to bet using VPNs to be private. Not sure how this is a crime.

But, hey, everything is a crime if the current federal government decides it is a crime.


26 posted on 11/15/2024 7:36:42 AM PST by MeanWestTexan (Sometimes There Is No Lesser Of Two Evils)
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To: JohnnyP
Contrary to Hannity, 98% of them are not “good, hardworking, honest agents”.

I have no inside information as to whether or not 98 percent of today's FBI agents are “good, hardworking, honest agents,” as you quote Hannity as asserting. Do you?

27 posted on 11/15/2024 7:40:47 AM PST by SamuraiScot
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To: SamuraiScot

How many years have we been complaining of FBI over reach against conservatives? Since at least 2016, and no one from within has said this shouldn’t be happening.


28 posted on 11/15/2024 8:45:28 AM PST by JohnnyP (Thinking is hard work (I stole that from Rush).)
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To: JohnnyP
How many years have we been complaining of FBI over reach against conservatives? . . .

The FBI should be reined in or flattened, as appropriate to their behavior. What I oppose is hyperbole--particularly in the use of statistics. Where it occurs, I don't think it helps us navigate, convince the leaners, or force public servants to serve the public.

What is intimidating to the enemies of the truth are persistent, up-to-date, well-stated, loud assertions of reality.

29 posted on 11/15/2024 9:08:46 AM PST by SamuraiScot
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To: V_TWIN
I can't even think of a valid reason for this raid.

What judge approved it? Who signed the affidavits?

30 posted on 11/15/2024 9:09:02 AM PST by ding_dong_daddy_from_dumas (Re-imagine the media!)
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To: ding_dong_daddy_from_dumas

I’d sure like to see Matt Gaetz sink his teeth into this


31 posted on 11/15/2024 9:12:00 AM PST by V_TWIN (America...so great even the people that hate it refuse to leave!)
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To: V_TWIN

I can understand the FBI’s impulse here.

If you’re going out, GO OUT WITH A BANG!


32 posted on 11/15/2024 9:14:17 AM PST by Lazamataz (The BEST birthday present I ever got WAS DONALD TRUMP WINNING IN 2024!!!)
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To: V_TWIN
"FBI seizes Polymarket CEO’s phone, electronics after betting platform predicts Trump win..."

FBI thinking they're onto something:


33 posted on 11/15/2024 9:19:45 AM PST by PLMerite ("They say that we were Cold Warriors. Yes, and a bloody good show, too. 😁 " - Robert Conquest )
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To: V_TWIN; GOPJ; Eleutheria5
I found this:

The company agreed in 2022 to pay a $1.4 million penalty to the U.S. Commodity Futures Trading Commission for offering event-based contracts to U.S. citizens without first registering with the agency. Betting on events like elections was legalized under a recent federal court ruling, but only for companies that have registered with the CFTC, which Polymarket did not do.

So to accept such bets, you have to register with the U.S. Commodity Futures Trading Commission. Whether such a regulation is, or should be, Constitutional, I don't know.

34 posted on 11/15/2024 9:34:04 AM PST by ding_dong_daddy_from_dumas (Re-imagine the media!)
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To: JohnnyP

Yep. Most LEOs are loyal only to their pensions and will take their marching orders from the top much like the Nazi SS.


35 posted on 11/15/2024 9:50:52 AM PST by AbolishCSEU (Amount of "child" support paid is inversely proportionate to mother's actual parenting of children)
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To: ding_dong_daddy_from_dumas

Pretty sure if they had predicted a Kamalama Ding Dong victory they wouldn’t be getting raided.


36 posted on 11/15/2024 9:51:43 AM PST by AbolishCSEU (Amount of "child" support paid is inversely proportionate to mother's actual parenting of children)
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To: V_TWIN; GOPJ; Lazmataz
For some strange reason, the anti-Polymarket pols seem to be all dems. Is it a problem that investors could donate to and bet on the same candidates?

US senators urge CFTC to finalize ban on election betting

37 posted on 11/15/2024 9:57:25 AM PST by ding_dong_daddy_from_dumas (Re-imagine the media!)
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To: AbolishCSEU

See #37


38 posted on 11/15/2024 9:58:52 AM PST by ding_dong_daddy_from_dumas (Re-imagine the media!)
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To: AbolishCSEU

If they did, I would guess they might send a letter, not push for an FBI raid, unless there was a real terrorism connection.


39 posted on 11/15/2024 10:27:21 AM PST by ding_dong_daddy_from_dumas (Re-imagine the media!)
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To: V_TWIN

Polymarket has blocked access to Americans since 2022, following a settlement with the Commodity Futures Trading Commission, which accused the company of running an unregistered derivatives-trading platform.


40 posted on 11/15/2024 12:31:10 PM PST by Az Joe (Live free or die)
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