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FBI Raids Home of Polymarket CEO Shayne Coplan

(www.axios.com)
249 points jaboutboul | 2 comments | 13 Nov 24 21:29 UTC | HN request time: 0s | 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. infecto ◴[13 Nov 24 23:23 UTC] No.42131338[source]▶
Has nothing to do with elections and all to do with being an unregulated market that has zero KYC.
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2. z3ncyberpunk ◴[18 Nov 24 19:59 UTC] No.42176271[source]▶
An unrigged market like Robinhood*