Everything is gambling now: the latest news on prediction markets like Polymarket and Kalshi
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The FBI reportedly seized the phone of Polymarket’s CEO.
According to The Wall Street Journal:
It wasn’t immediately clear what prompted the FBI’s search of [Shayne] Coplan, the 26-year-old entrepreneur behind one of the most successful prediction markets in history. But Polymarket quickly tied the raid to its track record in the recent presidential election, in which bettors on its platform correctly anticipated that Donald Trump would beat Vice President Kamala Harris.
Bloomberg also reports that Polymarket is being investigated by the DOJ for allegedly letting users in the US place bets on the site.
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