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FBI Raids Home of Polymarket CEO Shayne Coplan

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249 points jaboutboul | 1 comments | 13 Nov 24 21:29 UTC | HN request time: 0.2s | 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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andy_xor_andrew ◴[13 Nov 24 23:17 UTC] No.42131288[source]▶
Respectable and advisable? No. Smart? Yes.

Their audience here is the incoming administration, which is founded on party loyalty and an "us-vs-them" mindset, where "them" are the corrupt elites.

They're making a bet that whoever is prosecuting them in 4 months is going to be a lot friendlier to them if they act like victims of a vengeful democratic elite, and they're probably right. Really smart, honestly.

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rozap ◴[13 Nov 24 23:23 UTC] No.42131342[source]▶
Given Peter Thiel is a big investor in polymarket, and is JD Vance's daddy, I'm sure they will have no problem getting this case dismissed.
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1. mrkramer ◴[14 Nov 24 19:35 UTC] No.42140230[source]▶
Before you place bets on Polymarket you need to check the box which says something like this: "I promise I'm not from US". Pinky swear that I'm not using VPN to place illegal bets. That's why FBI is investigating them, so case still hangs in the balance.