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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 ...
In 2014, Coplan participated in the initial coin offering of Ethereum and acquired the cryptocurrency when it was priced significantly lower than its later value. [1] [3] Inspired by economist Friedrich Hayek’s theories on decentralized information systems and George Mason University professor Robin Hanson’s work on Futarchy, Coplan founded Polymarket in 2020, which operates as a ...
Founded in 2020 by Shayne Coplan, [3] Polymarket is a prediction market that allows users to gain/lose on the outcome of world events. [4] In January 2022, Polymarket was fined US$1.4 million by the Commodity Futures Trading Commission (CFTC), and received a cease and desist order for regulatory violations, including failure to register as a Swap Execution Facility.
The FBI searched the New York City home of Polymarket founder Shayne Coplan as part of a criminal investigation into the election betting platform, law enforcement sources told ABC News. The ...
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. NEW YORK (Reuters) -Federal law enforcement agents raided ...
On election night Polymarket’s 26 year old founder was on top of the world. 8 days later the FBI raided his home and his future is in jeopardy ... The defiant response so far by Coplan and ...
Since Coplan, 26, founded the crypto-based prediction market platform, Polymarket has raised $70 million, and in September reportedly sought to raise an additional $50 million among the election ...
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.