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The Guardian - US

Technology

Blake Montgomery

FBI raids home and seizes phone of Polymarket founder

Polymarket Shayne Coplan FBI Donald Trump Donald Trump Jr. United States

Man in front of backdrop — Shayne Coplan, the founder and chief executive of Polymarket. Photograph: Matthew Reeves/BFA.com/Shutterstock

The FBI raided the home of the chief executive of the predictive betting site Polymarket and seized his phone late on Wednesday.

Shayne Coplan, the 26-year-old CEO of the company, woke early on Wednesday morning in Manhattan to federal agents in his home, the New York Post first reported. Coplan himself was not arrested, the company said.

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