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Fortune

Leo Schwartz

The FBI just raided the home of Polymarket’s founder. What does the future of electoral betting markets hold?

Polymarket FBI United States Kalshi Donald Trump Dragonfly Leo SchwartzTwitter Sequoia Alfred Lin DOJ

young adult male posing for a portrait (Credit: Courtesy of Polymarket)

Did you really think we’d stop talking about prediction markets after the election?

Perhaps the best-known one, Polymarket, burst back into the spotlight on Wednesday after the FBI raided the home of its 26-year-old founder, Shayne Coplan. Reports of a Justice Department investigation leaked shortly thereafter.

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