Shayne Coplan, CEO of Polymarket, criticized the FBI raid as politically motivated, claiming it was retaliation against the betting site for its accurate predictions regarding the election.
Polymarket asserted the raid demonstrated political retribution from the outgoing administration, indicating the site was effective in forecasting the 2024 presidential election outcomes.
Coplan emphasized the need for a more pro-business approach from the current administration, suggesting that it might have altered their electoral fate.
While Polymarket allows betting on numerous topics, it has faced scrutiny for wash-trading accusations and operating under restrictions in the US.
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