FBI raided Polymarket CEO's home, seized phones and computers, is the Biden administration engaging in political retaliation?

Decentralization prediction platform Polymarket has been followed for its accurate prediction of Trump's victory, but after the election, the Biden administration launched judicial action against Polymarket, the US Department of Justice launched an investigation into Polymarket for allegedly accepting transactions from US users, and the FBI seized Polymarket CEO Shayne Coplan on Wednesday of mobile phones and electronic devices. (Synopsis: Polymarket suggests that "launch coinAirdrop" gamblers who participated in Taiwan's presidential election are miserable? (Background added: Polymarket mystery Whale won $50 million, how did he correctly predict the election outcome?) Benefiting from the global heat of the U.S. presidential election, Decentralization prediction platform Polymarket has made a name for itself for predicting a winning rate that far exceeds traditional poll results, attracting more than $3 billion in inflows over bets on who Trump and He will ultimately win the White House. According to Bloomberg, the U.S. Department of Justice is investigating Polymarket for allegedly accepting transactions from U.S. users, and the FBI issued a search warrant for Polymarket CEO Shayne Coplan and confiscated his mobile phone and electronic devices. According to the settlement agreement reached between Polymarket and the Commodity Futures Trading Commission (CFTC) in 2022, Polymarket should prohibit US users from trading on the platform, and Polymarket is not allowed to trade in the United States, although gamblers can bypass the ban through a VPN to access the platform. According to sources close to Shayne Coplan, Shayne Coplan was woken up from his apartment by FBI agents at 6 a.m. on Wednesday and asked him to hand over his cell phone and other electronic devices, and a Polymarket spokesman said the FBI did not arrest Shayne Coplan and he has not been charged. Sources criticized it as "the worst political drama" and that law enforcement could have questioned Shayne Coplan's lawyer instead staged a raid to leak the news to the media for obvious political reasons. At the same time, it is suspected that this is political revenge, because Polymarket accurately predicts that Trump will win easily, contrary to traditional polls, speculates that the Biden administration may be using liberal media reports to accuse Polymarket of market manipulation and manipulating its polls to support Trump. Shayne Coplan Criticized for Political Pursuit In response to the US Department of Justice investigation, Shayne Coplan tweeted that it is frustrating that the current administration will make a last-ditch effort to hunt down companies they believe are linked to political opponents, Polymarket is firmly committed to nonpartisanship, and today is no exception, but the current administration should do some self-reflection and recognize that adopting a more business-friendly, pro-entrepreneurial approach could change their fate this election: Polymarket has provided value to tens of thousands of people this election cycle without harming anyone. We are very proud of that. I am proud to say that the future of America, and especially the future of American entrepreneurship, has never been brighter. In the face of adversity, we continue to build. It’s discouraging that the current administration would seek a last-ditch effort to go after companies they deem to be associated with political opponents. We are deeply committed to being non-partisan, and today is no different, but the incumbents should do some self-reflecting... — Shayne Coplan (@shayne_coplan) November 13, 2024 Related Stories High Reconstruction Article" I am in Polymarket predicted that He Jinli won the election, losing two dollars Polymarket God Prediction! Trump's chances of being elected have led the way, and the presidential election bet has exceeded $3.6 billion Trump concept stocks big pump, PolymarketWhale have increased their weight, and the polls of the seven major swing states have been released "The FBI raided the home of the Polymarket CEO, seized mobile phones and computers, and the Biden administration took political revenge? This article was first published in BlockTempo "Dynamic Trend - The Most Influential Block Chain News Media".