FBI AND Ministry of Justice let’s go look polymer marketprediction market platform, which has been repeatedly called «political betting site» by numerous media outlets, and stopped being in the public eye after it became known that some 3.2 billion dollars was placed in the recently concluded US presidential election.
The reason for this operation is the expected continued acceptance of US users as customers by polymer market, allow people in the US to post predictions on the results of various events, including the November 5 elections
Did Polymarket violate the law or will it face political retaliation?
Polymarket gained popularity after successfully predicting that Donald Trump, the 45th president of the United States, will also become the country’s 47th president, while traditional polls say the race is very close.
Although the new administration has firmly reaffirmed its reputation as a cryptocurrency advocate, Polymarket still operates under a political regime largely composed of crypto hawks.
Shane CoplanThe company founder, whose New York home was ransacked and his phone turned off, reached out to X to specifically criticize the Biden administration, arguing that it is doing “last effort“to go after companies that, according to him, were associated with “political opponents.”
“We are deeply committed to fairness, and today is no different, but officials must reflect and recognize that a more business- and startup-friendly approach may be exactly what changes their fortunes in this election.” «,» – Coplan said.
However, Polymarket is not unaware of the law. In 2022, the company paid off Commodity and Futures Trading Commission stop offering prediction markets to US users and block them.
The company paid $1.4 million at the time, but may have been buoyed by Kalshi’s victory over the regulator, which paved the way for what many again said: “political bets«
Kalshi, for example, argued that his markets were clearly not associated with any betting markets. At the same time, the media insisted that Polymarket’s ban on American players, while effective, was largely circumvented by using
Trump’s adoption of cryptocurrencies means good news for Polymarket
The argument that FBI AND Ministry of Justice acted out of revenge and organized a complex interdepartmental investigation into Polymarket to implement a political agenda, it failed because polymer market ever closer to accepting big money in election prediction markets November 5.
However, this version has already become firmly established in the media in one form or another. For example, Rupert MurdochThe pro-Trump media mogul and businessman also appears to support this view. New York Post He has already stated that he has sources who have confirmed that everything came down to “political retribution«
Of course, Murdoch’s ownership of the Post in no way reflects the actual media coverage, which was done independently. However, Polymarket made the news.
At one point in October, Internet sleuths discovered that a trader, likely French, had bet $35 million on the president-elect’s victory, which may have influenced the bias in Trump’s favor.
Meanwhile, Polymarket is also under pressure in France. However, whatever political problems Polymarket may have with the current administration or any investigative agency, they may soon be resolved, as Trump has already selected his team for numerous key positions, including the highly controversial Tulsi Gabbard, who will oversee the intelligence community.
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