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FBI Raids Home of Polymarket CEO Shayne Coplan

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Re: FBI Raids Home of Polymarket CEO Shayne Coplan

#71
post #41

Earlier quoted context omitted.

Have corporations ever not played the "aggrieved victim" card?

The social/political appeal part is the new part. Companies have always released "we did nothing wrong" statements.

Yeah, the reflexive accusations of "witch hunts" and "crooked hit jobs" are a recent development. Their lineage is obvious and ... I guess you can't blame them because they (somehow) play with a significant percentage of the population.

Re: FBI Raids Home of Polymarket CEO Shayne Coplan

#72

Earlier quoted context omitted.

Incorrect. A pardon does require a conviction, however. And it will probably never get that far.

Incorrect. There is no requirement that even an indictment has occurred in the past.

"I hereby pardon you for murder. Nope, you didn't murder anyone, and you haven't been indited on murder charges!"

Technically sure, you're correct. The worst kind of correct.

Re: FBI Raids Home of Polymarket CEO Shayne Coplan

#73
post #32
post #28

> "This is obvious political retribution by the outgoing administration against Polymarket for providing a market that correctly called the 2024 presidential election," a Polymarket spokesperson tells Axios. When I saw that statement, from a company spokesperson, it was striking. Is it now respectable and advisable for a corporation to make official statements like this?

Corporations have been making these kinds of statements for almost the past decade.

> Corporations have been making these kinds of statements for almost the past decade.

For ever...

Re: FBI Raids Home of Polymarket CEO Shayne Coplan

#74

Earlier quoted context omitted.

I’m willing to let the government make their case, but let’s not pretend that a 6am raid from the feds is better than getting arrested.

A 6am raid from the feds is better than getting arrested. It is.

Actually, it's not. As someone who has been both raided by the feds and been arrested. Being raided is way more traumatic and gave me PTSD. Being arrested is easy as fuck. Being raided involves fully armed people busting into your home and tearing it apart and seizing all of your electronics.

Re: FBI Raids Home of Polymarket CEO Shayne Coplan

#75

Obviously there are no details yet, but I suspect it's as simple as: - Polymarket is still very illegal in the US - Lol. We all know it's easy to get around that - If the CEO knew or was complicit in US citizens breaking laws, he could be in trouble. And if there was evidence he was encouraging it, he could be in big trouble

[flagged]

The standard is (a) whether the act was illegal, (b) the company knew it was illegal and did it anyway.

None of what you listed is relevant since it isn’t illegal for example to suppress speech or mislead the public.

Re: FBI Raids Home of Polymarket CEO Shayne Coplan

#76

Earlier quoted context omitted.

Accepting a presidential pardon requires an admission of guilt. Would being a confirmed criminal aide them in business in any way?

Incorrect. A pardon does require a conviction, however. And it will probably never get that far.

How then did Ford pardon Nixon?

Re: FBI Raids Home of Polymarket CEO Shayne Coplan

#78

Obviously there are no details yet, but I suspect it's as simple as: - Polymarket is still very illegal in the US - Lol. We all know it's easy to get around that - If the CEO knew or was complicit in US citizens breaking laws, he could be in trouble. And if there was evidence he was encouraging it, he could be in big trouble

Can someone explain to me how this is? It's a company HQ'd in New York, but it's not allowed to do business in the very country it's HQ'd in? What am I missing?

You're not missing anything — that's exactly how it is. There's nothing that stipulates that US companies must sell to other US companies, and it's a great place for investments & startups, so even if Polymarket isn't licensed to operate in the US it still makes sense for them to be there.

Re: FBI Raids Home of Polymarket CEO Shayne Coplan

#79
post #64
post #61

Earlier quoted context omitted.

Wild take that might actually be true: by attacking the Biden administration, the company wants to appeal to Trump and maybe even get Trump's attention (and favor), hoping that the Trump administration will loosen the regulations on betting and eventually make it legal to operate their business in the US.

This is not a wild take at all. Every major corporation in the US is currently sucking up to Trump because his presidency will be entirely transactional and without regard to the constitutional purpose of the office. If you scratch his back, he will find a way to scratch yours - until it’s no longer convenient for him to do so.

Does it have anything to do with his statements about firing and enacting severe penalties, federal investigations in, and changes around the censorship requirements that many of these corporations engaged in with government agencies? He promised retraction of billions in federal funding- and many of these corporations are implicated.

Re: FBI Raids Home of Polymarket CEO Shayne Coplan

#80
post #55

Earlier quoted context omitted.

What rake did I just step on? I'm getting downvoted for this.

I think it's the perception that your comment assumes that the accusations by Polymarket that the Biden admin are targeting them for predicting Trump are true.

I see. Well that was not my intention here.
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