Is Polymarket Legal? How Shayne Coplan’s Bet Is Paying Off.

The 26-year-old upended political polling on his way to creating the billion-dollar betting platform Polymarket. But is it legal?

Photo: Dina Litovsky This article was featured in One Great Story , New York ’s reading recommendation newsletter. Sign up here to get it nightly. At 6 a.m. on Wednesday, November 13, eight FBI agents in black windbreakers burst through the door of Shayne Coplan’s Soho apartment with a battering ram, surprising him and his girlfriend in bed. They seized his phone from the bedside table but wouldn’t let him touch it, not even to unlock it, lest he destroy evidence that might criminally implicate him or his company, Polymarket, the popular betting platform that over a week before had set off cel

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