Nov. 14 (UPI) --The FBI has raided the New York City home of betting website Polymarket's founder and chief executive, according to reports. The search of Shayne Coplan's property was conducted Wednesday morning, The New York Times and the New York Post ...

Federal agents raided the Soho apartment of Polymarket founder and CEO Shayne Coplan, 26, early Wednesday morning, seizing electronic devices, according to reports from Axios and the New York Post. The raid comes just days after Coplan’s prediction platform forecasted Donald Trump’s victory in the 2024 presidential election ahead of national polls.

The Federal Bureau of Investigation (FBI) is investigating whether election betting platform Polymarket violated a 2022 settlement by allowing betting for US users