FBI JUST *RAIDED* Polymarket CEO due to TRUMP win?!?!?!

oh holy smokes the CEO of poly Market

just got raided in his home in Manhattan

uh this is breaking news we're going to

go through it all right now I actually

didn't even get a chance to change

because I just got all the news together

I'm like oh my gosh what's going on I

was going to exercise and I'm like holy

smokes this is huge but you might

remember poly Market as that bedding

site uh remember we used this when we

covered the election and so did a lot of

people in fact a lot of creators out

there were reached out to be sponsored

by poly Market to Showcase poly Market

on their X profiles or on their YouTube

or whatever I want to be clear I

personally did not accept a single

dollar from poly Market I just showed

them alongside the betting markets over

at predicted I had the CEO of predicted

on my channel during the last uh 2020

and 2021 recall cycle in California as

well and it was really useful uh I

really liked it and quite frankly it did

accurately ICT the election in this case

and poly markets spokes folks are saying

and reporting to axios that it's

possible the CEO of poly Market was just

raided in

retribution for poly Market accurately

which In fairness they did I'm just

saying in quotes because that's what

they said uh and correctly predicting

the outcome of the election potentially

some are alleging leading maybe some

Democrats to be discouraged did not vote

or just go to bed early on Election

night or whatever and so poly Market is

alleging that this raid on the CEO of

poly Market may be retribution for not

skewing this a little bit in democrat's

favor and that the exiting

Administration is punishing the CEO of

paully market for this by showing up at

his Soho home which that's kind of like

over there closer to the Twin Towers

well where they were which is now the

One World Trade Center south of Houston

Street is why they call it Soho and uh

it's it's really just right above the

financial district kind of like hip and

I think the median income is like 130k

over there it's it's it's nice it's

gotten pretty nice over the years I've

been there quite a few times but anyway

uh he got rated at like 6:00 a.m. this

morning this news just broke uh and then

after the news broke that his phone got

ninja by the FBI potentially along with

some other uh electronic devices uh they

just

left not only did they just leave and

not actually arrest or press charges

against the CEO but the CEO whom you

could follow on X uh Shane Copan ended

up writing new phone who this uh and I

think it's actually good comedy frankly

because this is amazing press if you

think about this for poly Market the CEO

of poly Market gets raided by the FBI

when the FBI is already so ass

associated with the left and doing the

left's bidding after what we saw with

the Twitter files and now all of a

sudden they've raided the guy look who

replied to this Andrew Tate see you in

jail

friend look at this and you got you know

uh Mike uh Mike over here what do we got

Mike

salana why wasn't this on poly Market is

the only thing I want to know in other

words why couldn't we bet on this uh and

then some other trolls bullish I'm glad

you're okay and you have a sense of

humor new phone who this as if the FBI

is writing the Tweet that's actually

funny um anyway the memes so but but we

let's think about this for a moment the

CEO of poly Market he's 26 years old

apparently he was woken up at 6:00 a.m.

uh and and rid again not arrested or

charged poly Market States they charge

no fees and take no trading positions

and they allow observers from all around

the world to analyze Market data as a

public good that's what they argue now

something to know about poly Market is

you can't technically use it in the

United States you could bet through

Robin Hood predicted and Keli because

they well Keli and Robin Hood uh sorry

Keli and predicted won a lawsuit against

the commodity Futures Trading commission

Robin Hood's kind of like will inherit

that decision and also do you know

betting markets but poly Market kind of

got pushed offshore possibly because

it's blockchainbased and you know how

Regulators They Don't Really Love

blockchain right now poly Market I mean

this shouldn't be a surprise to you but

it's built on the

polygon ethereum level two

network uh level two is the scaling

solution that sits on top of ethereum

right anyway some people in the United

States use it and they just sign up for

a VPN that puts their IP outside of the

US and then they use it uh some people

are also alleging that uh poly Market

may have indeed been involved in rigging

the election because Peter theel had

donated or I shouldn't say donated Peter

theel had raised over $70 million to

help fund poly Market remember this is

the uh former CEO of uh PayPal and he's

also the co-founder of palente here uh

and this is the same Peter feel worth

considering that he is also the

billionaire who fueled JD Vance's rise

so some people like huh interesting okay

so Peter Theo donates or again raises

not donates raises over $70 billion and

he's associated with Elon Musk as well

and apparently there might be pictures

out there of the CEO uh with Associates

of Donald Trump or even Donald Trump's

son Don Jr but anyway there are these

ideas that okay well if Peter theel is

associated with Elon Musk and them and

all the other VCS are trying to back

Donald Trump and they raised money for

poly market and potentially say hey

we'll blow up your website and make it

great we'll get activity going here

we're going to try to use it to help

elect Donald Trump and then potentially

you know the betting market skews up

which then ends up maybe self-fulfilling

influence in the election I I I don't

know I think it's a stretch to say that

there's something sus going on here

I kind of think this is probably just

unfortunately what it looks like you

know maybe some beaten up because of uh

you know we found uh uh a loophole or

something that says uh you guys are

operating in the US and you're violating

our laws or another one could be you

know Fortune was reporting this that

apparently two crypto analytic firms

were investigating poly Market chaos

labs and Inca digital and they argued

that poly Market wasn't actually

accurately reporting market chain

activity with what was reported on their

website that poly Market was reporting

$2.7 billion of activity whereas onchain

data only showed about $1.75 billion of

activity and they're alleging maybe poly

Market was inappropriately reporting

1-cent bets on like Hillary Clinton

winning the election as $1 of trading or

that there's wash trading going on which

is basically illegal legal Market

manipulation designed to make it seem

like there's activity when there's not

and and technically that those would be

crimes which would be under the

jurisdiction of well frankly in some

part the Security and Exchange

Commission but but they would just refer

some kind of claim likely to the FBI to

actually go conduct a search warrant or

an arrest or whatever right the SEC

doesn't do that uh now they can bring

complaints but that's different than

bringing criminal charges you know they

refer that over to the FBI or otherwise

so I mean it's possible there's very

much a a real investigation going on

around these wash sales and and maybe

there is something that was oopsy doopsy

reported inappropriately or whatever uh

but it does happen to smell a little

stinky just because there are so many

dare I say republican connections right

the Peter theal which is then connect to

Elon and Donald Trump blah blah blah and

then of course Donald Trump wins and the

poly Market predicts it correctly it

does make you sort of wonder if it's

like H who can we go after for this oh

interesting maybe they were Market

manipulating over here let's um let's go

investigate them yeah almost um directed

Justice if you will or uh maybe I

shouldn't say directed Justice maybe it

would be better to say

directed

investigations and persecutions and

raids I don't know I I want to hear what

you think and in case you've never seen

what he looks like or heard of him

before here you go here's an interview

with him just 2 days after the election

then the traditional polls join us right

now in an exclusive interview uh the man

who I think LED so much of this is Shane

coplan he is the CEO of poly Market he

is uh and we're thrilled to have you

here on your first interview on TV yeah

thanks so much for having me guys you've

been in the headlines a lot um before we

even get into the whole thing have you

slept what what did you do the night of

the election

it was a late night it was a late night

and I want to preface you know thank you

guys for having me my my first TV

interview and uh you know as much as we

feel vation with with poly Market being

right and now in hindsight being

actually the most accurate way to follow

the election uh you guys were really the

first people on TV to to to start

talking about poly market and make it a

thing um and I know you guys got a lot

of flack for that and I I just

appreciate you guys up for it and

hopefully you guys feel feel the same

sense of uh victory that we do uh we do

but let me ask you this did you ever

worry that the

that that that the markets your Market

might not be right yeah I think that you

know as we got bigger we went from being

like a small Niche site to sort of being

a mainstream and almost household name

uh fairly quickly and I think that you

know if you take a step back a lot of

the criticism and the the hit pieces

were really like based on

misinterpretations of what poly Market

was and I think that it was difficult to

take those at face value when you know

if anyone really looked into it it was

it was clear that they were well a lot

of the critique was you know are people

trying to manipulate the market could

one or two big whales you know do

something there was obviously you did

your own investigation into this without

a doubt it is possible mind you

for just because there isn't that much

trading volume for somebody with a lot

of money to swing the

market at least you know what we have

seen in terms of volumes in the future

the volumes maybe it will get larger

right France apparently yes yes I I I

think that the thing that

people get wrong about poly Market the

thing that I wish people would

understand better and maybe now that

they're more open mind open-minded to it

is that if someone takes a really big

position on Trump for example there's

someone on the other side there's a

counterparty it's all peer-to-peer so

there's also a really right but that's

where they're alleging at some of these

crypto investigation firms that what you

guys are reporting is trade volume isn't

balancing with what's on chain so that's

what kills the pure to peer

argument in other words there could be a

market maker who isn't actually taking

the opposite side of the bet they're

just sort of accepting the bet on the

platform and half of the volume is

missing actually and there's something

going on there may may maybe based on

what those crypto firms are saying or

again this is just a

fugazy uh you know reason to try to raid

someone really big position being taken

on Harris um and because of that and and

you know when you see the odds on poly

Market it's not a function of how much

money was put on either side it's a

function of market price at that moment

and usually there's a 0.1 Cent spread

it's the tightest spread for this Market

in the world and I think that when you

think about it like that like some trade

that someone made two weeks ago doesn't

he's comparing to like predict it where

the spreads are like three cents he or

more sometimes as much as six cents he's

not wrong about that have bearing on

what the market price is right now so um

all I can say is I I understand that you

know it's it's a novel concept and

people were skeptical when it came

around but hopefully now people will be

a lot more embracing of of market-based

information so even if my my qu no one

likes to lose money so the big French

Trader I don't know if you're watching

but I called him he's not very well

known his name was Elan MOS I that a

good yeah that was a good one wasn't so

but a guy who doesn't care about even

$100

million it it I would think most people

nobody likes to lose $10 I a prime

example of that when I bet it kills me

if if I lose it so no one is going to

just throw money away unless they really

can now is even a person like that could

they

manipulate this poly Market it's a great

question so you know if we run through

that simulation right it's like unlike

the stock market and we have all these

stocks back here um you know the the

saying and you guys know this better

than anyone is like the market can stay

irrational longer than you can stay

solvent cuz you have leverage and and

there's all different types of things

that could happen with poly Market the

outcome of the market is going to is

going to happen regardless and there's

no leverage and you can very clearly

understand the true value of a share an

outcome share by just understanding and

trying to discern what the probability

is of that outcome saying oh I'm sorry

go ahead yeah well to to to answer your

point um so if someone is coming in and

and basically is ready to lose money

what that is basically saying is they're

willing to buy overpriced shares and I

think you know we know this but there's

a lot of excuse me smart money on the

site we paying attention to it people

you know they're really smart all around

the world and if there's really if

there's uninformed flow if there's price

and sensitive flow people are going to

take that risk um granted you know it's

up to the market to go and interpret a

lot of flow like if there's a large

influx of flow whether it's in okay he's

basically I'm just going to bottom line

it

here if it seems like somebody's trying

to manipulate the market he's saying the

cool thing about the market is somebody

can look at that and go um this order

flow betting on let's say Trump is way

overblown let's take the opposite

position and then the market self-

corrects basically that's the argument

that he's trying to make here uh okay

whatever now you know who he is maybe

we'll see what comes out of this I I I I

I don't know I mean I like polym Market

I don't know what's going on here you

know maybe there's something more to it

than we expect but the fact that we

haven't seen any charges or an arrest

always makes me a little nervous because

you I feel like I'd rather see charges

uh and then even like uh you know here's

your notice to appear for cord or some

kind of complaint so at least we could

see what they're

alleging but you know when when the FBI

sort of breaks into someone's house and

takes their devices and we don't even

know what they're doing yet I get it it

could all be part of an existing

investigation and they're not ready to

make any kind of allegations yet that's

fine I understand that is how things

work but from a PR Point like from a

political point of view looking out and

then in or like a you know public point

of view looking out and in with where

the credibility is for the broader FBI

right now you think you might have

wanted to manage this press a little bit

better anyway my take thank you so much

for watching this if any of this makes

you nervous always make sure you get

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the next one goodbye and good luck why

not advertise these things that you told

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congratulations man you have done so

much people love you people look up to

you Kevin PA there financial analyst and

YouTuber meet Kevin always great to get

your take