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> Coplan was not provided any reason for the incident, but the source said they expect it is political retribution since Polymarket accurately predicted Trump’s
by legitster 2y ago
> Coplan was not provided any reason for the incident, but the source said they expect it is political retribution since Polymarket accurately predicted Trump’s win – not traditional polls.
> The government is likely trying to accuse Polymarket of market manipulation and rigging its polls in favor of Trump, the source said.
The tabloid is rage baiting here. Prediction markets are still borderline illegal, and even ones done under the scrutiny of regulators (like PredictIt) are constantly investigated and close to being shut down.
I could think of a number of large number of possible reasons that the FBI would want to raid an international, anonymous crypto-betting marketplace and almost none of them have to do with media pollsters (which are different than the private polls the campaigns ran, mind you!) convincing the FBI to raid the CEO. Especially considering the polls were not that far off and Trump won within the margin of error of the polling!
- mrkramer 2y agoI don't understand what's all the fuss about gambling?! Yes, it's somewhat bad, yes it's somewhat addictive but if you want to live in a liberal democracy you need to tolerate such things....like we tolerate alcohol and cigarettes for example. Imo gambling is not akin to hard drugs, that it should be per se illegal. The irony is that let's say Poker lobbyists have been sabotaging online poker for years saying that it is gambling and addictive and now 15 years later, more and more states are making it legal. The similar thing happened with sports betting which was made legal in 2018. Allow businesses to blossom and then regulate it, not vice versa.