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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: 0.629s | source
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Imnimo ◴[13 Nov 24 22:47 UTC] No.42131066[source]▶
>This is obvious political retribution by the outgoing administration against Polymarket for providing a market that correctly called the 2024 presidential election

I don't even understand what the conspiracy theory is here. Why would that be something the Biden administration would seek retribution for? And even it were, how would they possibly achieve it before the new administration takes office?

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1. WillPostForFood ◴[13 Nov 24 23:14 UTC] No.42131269[source]▶
The conspiracy theory is that Polymarket was rigged by nefarious forces to promote Donald Trump. It was widely promulgated in the mainstream press* leading up to the election. If you view Polymarket as an illegitimate tool used to help put a dictator in the White House, not surprising the the party being being replaced would attack it.

* E.g. the New Yorker, "Polymarket has seen a recent surge in pro-Trump election bets. Is it the movement of a rational market or a concerted campaign?" or Newsweek, "Polymarket Prediction Platform Possibly Manipulated to Favor Trump"

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2. brookst ◴[13 Nov 24 23:29 UTC] No.42131390[source]▶
So why not raid the corporate offices too? Why, out of all of the people and organizations involved, just the CEO?

The FBI is quite good at serving multiple warrants in multiple locations at the same time when pursuing conspiracies. Presumably, in the scenario where they are the conspiracy, they could do just as well.

It doesn't seem like a great conspiracy theory to explain what actually happened.

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3. WillPostForFood ◴[20 Nov 24 03:02 UTC] No.42190478[source]▶
Why not just the CEO if it the goal is just for show and to intimidate?