The F.B.I. raid on Polymarket founder Shayne Coplan's home marks a significant legal challenge for online betting platforms navigating complex regulations in the U.S.
Polymarket, a betting site that gained traction during the presidential election, may have been operating as an unlicensed commodities exchange, raising serious legal concerns.
Shayne Coplan stated that the F.B.I. raid appears to be politically motivated, suggesting that the Biden administration is targeting businesses linked to political adversaries.
Despite a settlement with the U.S. government, many users learned to bypass Polymarket’s restrictions, reflecting the site's continued popularity among U.S. bettors.
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