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Polymarket is an American cryptocurrency-based prediction market, headquartered in Manhattan, New York City. Launched in 2020, it offers a platform where investors can place bets on various future events, including economic indicators , weather patterns, awards, as well as political and legislative outcomes.
Polymarket received attention this year after predicting the outcome of the US election. The raid related to an investigation into whether Polymarket accepted US-based trades, Bloomberg said.
Polymarket and Kalshi have been building quietly, and they view elections as their chance to go mainstream. Coplan has said he was running the crypto-based company alone in his bathroom in 2020.
Polymarket declined to comment for this story, but a person familiar with the company said it was unlikely the court ruling would result in any sites offering bets in the U.S. on the presidential ...
To briefly recap, Polymarket was kicked out of the U.S. in 2022 for letting U.S. users bet on political prediction markets, which, at the time, was against the law.
Polymarket is a crypto-based predictions market that has become one of the most popular venues for placing online bets on upcoming elections. It was founded in 2020 and requires users to place ...
The investigation, at least in part, involves whether Polymarket violated a prior settlement with the U.S. government by allowing American-based users access to its platform.
Coplan, Polymarket's 26-year-old founder, was roused from his bed at 6 a.m. by FBI agents demanding he give them his electronic devices. FBI raids Polymarket CEO's home, seizing phone, electronics ...