Federal agents raided the Soho apartment of Polymarket founder and CEO Shayne Coplan, 26, early Wednesday morning, seizing electronic devices, according to reports from Axios and the New York Post. The raid comes just days after Coplan’s prediction platform forecasted Donald Trump’s victory in the 2024 presidential election ahead of national polls.

Agents raided Shayne Coplan’s home Wednesday morning, reportedly seizing the predictive betting platform founder’s electronic devices.

Federal law enforcement officials raided the home of Polymarket CEO Shayne Coplan on Wednesday. The prediction market was a breakout success in the U.S. presidential election, a platform where billions of dollars worth of bets were placed on the outcome.