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FBI raids home and seizes phone of Polymarket founder

Shayne Coplan calls incident ‘discouraging’ as firm suggests raid was retaliation for site’s users betting on Donald Trump

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.

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