Betting platform Polymarket and its CEO are reportedly under investigation by the FBI following the accurate prediction of Donald Trump's re-election.
The FBI raided the CEO's home, confiscating electronic devices, leading to suspicions of political motivation.
Polymarket had predicted Trump's victory with odds of 58%, which eventually climbed to 95%, and a French trader made $46 million from a $26 million bet on Trump.
Coinbase CEO Brian Armstrong supports Polymarket, suggesting that the government's actions may inadvertently strengthen the platform.