I wonder if it has anything to do with this:<p>"Polymarket Paid US Social Media Influencers for Election Content"<p><a href="https://www.bloomberg.com/news/articles/2024-11-05/polymarket-paid-us-social-media-influencers-for-election-content" rel="nofollow">https://www.bloomberg.com/news/articles/2024-11-05/polymarke...</a>
I fail to understand the issue.<p>Both parties offer huge financial incentive to different groups of people for ensuring their victory by voting. We have entire industries based around this.<p>Both candidates play to large corporations and benefactors, and money drives the election. It's part of why our election system is so broken.<p>How is a prediction market worse than this such that it requires legal intervention?
I can’t believe nypost hit pieces and propaganda are posted here. Article has no substance and goes completely off speculation.<p>If the raid was legal, then there will be a judge that signed off on the warrant. If nypost had any journalistic integrity, they would follow up on that except this is a celebrity tabloid at best.
It seems more likely that this guy / this company did something shady and is trying to claim "political persecution" to distract attention from his actual misdeeds, than that the FBI is actually persecuting him, on behalf of the side that everyone universally acknowledges lost the election, a week after the election for running a website that correctly "predicted" they were going to lose. What would be the point of that?
> 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.<p>> The government is likely trying to accuse Polymarket of market manipulation and rigging its polls in favor of Trump, the source said.<p>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.<p>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!
Is this one of those actions that the Biden administration is trying to rush through before they leave office? To me as a taxpayer this feels like a waste of our resources. Why spend any effort on this instead of any number of other things, crimes with actual victims.
<i>The government is likely trying to accuse Polymarket of market manipulation and rigging its polls in favor of Trump, the source said.</i><p>That is ridiculous, like saying a betting website can rig a football game. I guess it's possible but an election? This feels like Lawfare.
If a gambling site predicted winners fraudulently, and enouraged you to bet on them... that's fraud. It doesnt matter if you win or lose. Both predicting and taking those bets is begging for that conflict of interest to arise. This guy could go to prison.