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FBI Raids Home of Polymarket CEO Shayne Coplan

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249 points jaboutboul | 3 comments | 13 Nov 24 21:29 UTC | HN request time: 0.205s | 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. n2d4 ◴[14 Nov 24 00:05 UTC] No.42131653[source]▶
Ridiculous is also that they say this when Polymarket gave Trump only 60%-40% odds. They're falling for the same logical fallacy as everyone who knows nothing about prediction markets.
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2. vdvsvwvwvwvwv ◴[14 Nov 24 06:36 UTC] No.42133643[source]▶
Polymarket is a market. Not sure if AMM or order book but whatever. Anyone attempting to control it wasting money.
3. tachash1 ◴[14 Nov 24 09:58 UTC] No.42134633[source]▶
Polymarket also had Harris at 70% to win the popular vote right up to election day, which has transpired to be wrong. Plus; all the betting markets had similar odds for Trump winning; smarket, predictit etc.