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FBI Raids Home of Polymarket CEO Shayne Coplan

(www.axios.com)
249 points jaboutboul | 4 comments | 13 Nov 24 21:29 UTC | HN request time: 0.801s | source
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neilv ◴[13 Nov 24 22:41 UTC] No.42131010[source]▶
> "This is obvious political retribution by the outgoing administration against Polymarket for providing a market that correctly called the 2024 presidential election," a Polymarket spokesperson tells Axios.

When I saw that statement, from a company spokesperson, it was striking.

Is it now respectable and advisable for a corporation to make official statements like this?

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1. rty32 ◴[13 Nov 24 23:34 UTC] No.42131422[source]▶
Wild take that might actually be true: by attacking the Biden administration, the company wants to appeal to Trump and maybe even get Trump's attention (and favor), hoping that the Trump administration will loosen the regulations on betting and eventually make it legal to operate their business in the US.
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2. ttul ◴[13 Nov 24 23:37 UTC] No.42131437[source]▶
This is not a wild take at all. Every major corporation in the US is currently sucking up to Trump because his presidency will be entirely transactional and without regard to the constitutional purpose of the office. If you scratch his back, he will find a way to scratch yours - until it’s no longer convenient for him to do so.
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3. mannanj ◴[13 Nov 24 23:55 UTC] No.42131580[source]▶
Does it have anything to do with his statements about firing and enacting severe penalties, federal investigations in, and changes around the censorship requirements that many of these corporations engaged in with government agencies? He promised retraction of billions in federal funding- and many of these corporations are implicated.
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4. lesuorac ◴[14 Nov 24 00:02 UTC] No.42131638{3}[source]▶
No, it has much more to do with he changed his tone on EVs after Musk started to publicly supported him and pretty much said the phrase "I had to, he's helping me".

Or all the people he pardon'd in exchange for indirect money.

It's literally transactional.