Polymarket

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FBI Raids NYC Home of Betting Firm's CEO

Shayne Coplan calls development 'discouraging' after Polymarket correctly predicted a Trump win

(Newser) - Polymarket, the betting market that drew attention by correctly predicting a win by Donald Trump in the 2024 election, is now earning new headlines for a stickier reason. The New York Post reports that early Wednesday, the FBI raided the Manhattan residence of CEO Shayne Coplan, with a source telling...

It Was Also a Huge Win for Prediction Markets

'Polymarket single-handedly called the election before anything else,' chief executive boasts

(Newser) - "Make no mistake, Polymarket single-handedly called the election before anything else," Shane Coplan, chief executive of the prediction market, crowed in an X post on Wednesday. The crypto-based platform, which calls itself the "world's largest prediction market," was among the betting markets that correctly predicted...

In the Betting World, a 'Mystery' Over Pro-Trump Wagers

Polymarket has seen a $30M 'wave' of Trump bets in recent days, from just 4 accounts

(Newser) - The self-proclaimed "world's largest prediction market" is going big on a Donald Trump win this election cycle, based on what the Wall Street Journal calls a "mystery $30 million wave of pro-Trump bets" that have proliferated in recent days. The paper reports that at the start of...

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