CEO Shayne Coplan accused the Biden administration of politically targeting Polymarket, asserting the company is committed to non-partisan operations and advocating for a pro-business approach.
"We are deeply committed to being non-partisan, and today is no different, but the incumbents should do some self-reflecting..." Coplan emphasized the value Polymarket provided to users.
Critics like Coinbase's Brian Armstrong and Tesla's Elon Musk condemned the raid, expressing that it would ultimately backfire and strengthen Polymarket's position.
The 2022 block on US users followed a $1.4 million settlement with regulators, indicating ongoing tensions between regulatory frameworks and emerging betting platforms.
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