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FBI Raids Home of Polymarket CEO Shayne Coplan

(www.axios.com)
249 points jaboutboul | 3 comments | 13 Nov 24 21:29 UTC | HN request time: 0.828s | 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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orblivion ◴[13 Nov 24 23:03 UTC] No.42131193[source]▶
Kalshi got the goahead from an appeals court to list election bets. I think Robinhood added election bets soonafter. Is there a reason that wouldn't apply to Polymarket? Granted, Polymarket was operating before that ruling.

https://www.reuters.com/legal/us-federal-court-upholds-rulin...

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1. orblivion ◴[13 Nov 24 23:12 UTC] No.42131253[source]▶
What rake did I just step on? I'm getting downvoted for this.
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2. Sabinus ◴[13 Nov 24 23:20 UTC] No.42131318[source]▶
I think it's the perception that your comment assumes that the accusations by Polymarket that the Biden admin are targeting them for predicting Trump are true.
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3. orblivion ◴[13 Nov 24 23:57 UTC] No.42131595[source]▶
I see. Well that was not my intention here.