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FBI Raids Home of Polymarket CEO Shayne Coplan

(www.axios.com)
249 points jaboutboul | 7 comments | 13 Nov 24 21:29 UTC | HN request time: 0.815s | source | bottom
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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

replies(6): >>42130959 #>>42131193 #>>42131218 #>>42131520 #>>42140122 #>>42145248 #
1. rty32 ◴[13 Nov 24 23:06 UTC] No.42131218[source]▶
The CEO or the company can only be in trouble if they are found guilty in court. That's not going to happen in the next two months, and Trump probably couldn't care less about this.
replies(2): >>42131936 #>>42132482 #
2. cowsandmilk ◴[14 Nov 24 00:48 UTC] No.42131936[source]▶
Trump not caring will mean the case proceeds. Why would they drop it?
replies(1): >>42133240 #
3. stephen_g ◴[14 Nov 24 02:16 UTC] No.42132482[source]▶
I'm not in the US, but as far as I know about the country the legal system there keeps running whether the current US President cares about individual cases or not...
replies(1): >>42135401 #
4. reaperman ◴[14 Nov 24 04:48 UTC] No.42133240[source]▶
The person who financed the vice president is a major investor in Polymarket.
5. rty32 ◴[14 Nov 24 12:03 UTC] No.42135401[source]▶
Such cases would be pursued by DOJ or FCC or some other federal agency that the President has 100% control over. If the president asks to drop the case, it will be dropped.
replies(2): >>42136333 #>>42136773 #
6. jtbayly ◴[14 Nov 24 14:21 UTC] No.42136333{3}[source]▶
He would have to care about the case to bother doing so…
7. kbolino ◴[14 Nov 24 15:02 UTC] No.42136773{3}[source]▶
> some other federal agency that the President has 100% control over

Neither Civil Servants nor Senior Executives can be directly terminated by the President without due process. Only appointees can be fired on a whim, and their replacements must be confirmed by the Senate. The only exception to this is "recess appointments" made when the Senate is not in session, but those appointments are temporary, and Congress can stay in session as long as needed (until the next seating after an election) to block these as long as both Houses agree to do so.

Many federal agencies today are actually governed by boards of commissioners, with limits on the number of them that can be from the same party.