In a significant development concerning the crypto betting platform Polymarket, the FBI has raided the home of its 26-year-old CEO, Shayne Coplan. Authorities seized his phone and other electronic devices after the platform accurately predicted a Trump victory in the recent elections. The investigation reportedly focuses on potential violations of U.S. trading restrictions and market manipulation allegations linked to the betting activities. Coplan has publicly responded to the raid, emphasizing he is being targeted for what he perceives as political retribution and asserting his non-partisan stance. The Department of Justice is also reportedly investigating Polymarket for potentially allowing U.S. users to place bets on the platform, raising concerns about compliance with trading laws.