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Polymarket Under Investigation for Allowing US Users to Bet. Polymarket CEO's Electronic Devices Seized Polymarket is under investigation by the US Department of Justice for allegedly allowing US users to place bets. The FBI has issued a search warrant for Polymarket CEO Shane Koplan and seized his phone and electronic devices. Under a 2022 settlement with the Commodity Futures Trading Commission, Polymarket was required to ban US users from trading on its platform. In a statement, Polymarket said it was committed to "protecting itself and its community" and accused the FBI of a politically motivated raid. The company said: "Polymarket is a fully transparent prediction marketplace that helps people better understand the events that matter to them, including elections."
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