Seemingly enraged by correct prediction, Swampers overreach again!

[Diogenes]

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Polymarket is an American financial exchange and the world's largest prediction market, headquartered on the Upper East Side of Manhattan.

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 investigation leaked shortly thereafter.

The 2024 election catapulted Polymarket into prominence when its users correctly predicted Donald Trump’s victory, and a gutsy legal gambit from its competitor, Kalshi, paved the way for electoral betting to be legalized. On Oct. 4, election markets became legal.

Polymarket’s former regulator—the Commodity Futures Trading Commission—may have complained to the Justice Department about U.S. residents still betting through the site, in violation of a 2022 consent order.

But that likely wouldn’t have warranted an FBI raid.

MSN