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FBI Raids Home of Polymarket CEO Shayne Coplan

(www.axios.com)
249 points jaboutboul | 1 comments | 13 Nov 24 21:29 UTC | HN request time: 0.201s | source
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legitster ◴[13 Nov 24 21:35 UTC] No.42130253[source]▶
Obviously there are no details yet, but I suspect it's as simple as:

- Polymarket is still very illegal in the US

- Lol. We all know it's easy to get around that

- If the CEO knew or was complicit in US citizens breaking laws, he could be in trouble. And if there was evidence he was encouraging it, he could be in big trouble

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herpderperator ◴[13 Nov 24 22:36 UTC] No.42130959[source]▶
Can someone explain to me how this is? It's a company HQ'd in New York, but it's not allowed to do business in the very country it's HQ'd in? What am I missing?
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1. vinay427 ◴[13 Nov 24 22:41 UTC] No.42131009[source]▶
As I understand it (very much not a lawyer), the company complies with US laws by not allowing people in the US to use it, so there’s no issue doing business.