US criminal, civil authorities probing Polymarket, source says

3 days ago · Criminal and civil authorities are probing Polymarket, a source with knowledge of the matter said on Thursday, in an investigation that predates the U.S. presidential election that …

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Polymarket Nailed The 2024 Election Call—Then Came The FBI

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2 days ago · By 11:43 p.m. ET—nearly six hours before the Associated Press called the election—Polymarket’s odds for Trump surged to 95%. “I just got word that the Trump …

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Is polymarket being investigated?

NEW YORK, Nov 14 (Reuters) - Criminal and civil authorities are probing Polymarket, a source with knowledge of the matter said on Thursday, in an investigation that predates the U.S. presidential election that put the betting platform under scrutiny. Polymarket has gained notoriety for strongly favoring Donald Trump to win the Nov. 5 election. ...

Who is probing polymarket?

REUTERS/Callaghan O'Hare/File Photo Purchase Licensing Rights NEW YORK, Nov 14 (Reuters) - Criminal and civil authorities are probing Polymarket, a source with knowledge of the matter said on Thursday, in an investigation that predates the U.S. presidential election that put the betting platform under scrutiny. ...

Why did FBI raid polymarket?

The FBI’s shocking predawn raid against the founder of election gambling site Polymarket was part of a criminal probe into whether the startup accepted bets from US users — which would violate a deal the company had made with the government, The Post has learned. ...

Is polymarket legal?

Polymarket, one of the most active prediction betting markets, gained mainstream attention during the recent U.S. presidential election. Americans are prohibited by law from using the market, which recently raised over $80 million from investors including Peter Thiel's Founders Fund. ...

Did polymarket violate a previous settlement with the US government?

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. ...

Did Shayne Coplan run polymarket as an unlicensed Commodity Exchange?

The search involving Shayne Coplan, the founder of Polymarket, known for its presidential election odds, was part of a criminal investigation, three people said. Federal agencies appear to be investigating whether Shayne Coplan, right, at a conference last year, ran Polymarket as an unlicensed commodities exchange. Shutterstock ...