The raid was tied to a US Justice Department investigation into the company and whether it accepted trades from users in the US, a person familiar with the matter told Bloomberg.
'On Polymarket it looked like a done deal, and if you were just watching TV, you would think it's neck and neck,' Coplan said on CNBC's Squawk Box.
The Polymarket spokesperson said the incident was an act of 'political retribution' by the Biden administration.
Polymarket is a fully transparent prediction market that helps everyday people better understand electoral outcomes and trends.
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