Polymarket Investigated by DOJ for Allegedly Letting US Users Bet on Platform
- Polymarket says FBI agents seized CEO’s phone, electronics
- Platform has taken recent measures to weed out US traders
A Polymarket advertisement in New York.
Photographer: Michael Nagle/BloombergThis article is for subscribers only.
The US Justice Department is investigating crypto predictions-betting platform Polymarket for allegedly accepting trades from US-based users, according to a person familiar with the matter.
The Federal Bureau of Investigation executed a search warrant on Shayne Coplan, Polymarket’s chief executive officer, and seized his phone and electronics, according to the person who asked for anonymity to discuss non-public matters.