CosmicTaco

DOJ Probes Polymarket Over Alleged US User Participation

CosmicTaco · 2024-11-14T09:54:12.478446+05:30

* The US Justice Department is investigating crypto predictions-betting platform Polymarket for allegedly accepting trades from US-based users. * The FBI executed a search warrant on Polymarket’s CEO, Shayne Coplan, seizing his phone and electronics. * Polymarket, which surged in popularity during the US presidential elections, is accused of potentially manipulating the underlying market by skewing public perception. Source: [Bloomberg](https://www.bloomberg.com/news/articles/2024-11-13/polymarket-investigated-by-doj-for-letting-us-users-bet-on-platform)

The US Justice Department is investigating crypto predictions-betting platform Polymarket for allegedly accepting trades from US-based users.
The FBI executed a search warrant on Polymarket’s CEO, Shayne Coplan, seizing his phone and electronics.
Polymarket, which surged in popularity during the US presidential elections, is accused of potentially manipulating the underlying market by skewing public perception.

Source: Bloomberg