Coinbase CEO Brian Armstrong Slams DOJ Investigation Of Polymarket
Coinbase CEO Brian Amrstrong has slammed the US Department of Justice (DOJ) for its investigation of the decentralized betting platform, Polymarket. Armstrong expressed his frustration regarding the incident in a now-deleted post on X. He went on to suggest that the probe into the betting platform is politically motivated and could inadvertently strengthen Polymarket’s influence in the future. FBI Raid Polymarket CEO’s Home Armstrong’s comments come after Polymarket allegedly violated the terms of its earlier settlement with regulators in the US by allowing US citizens to place bets on its platform. The US Federal Bureau of Investigation (FBI) raided the home of Polymarket CEO Shayne Coplan yesterday, taking his phone and other electronics as potential evidence. Coplan commented on the raid in a Nov. 14 X post after purchasing a new phone . “It’s discouraging that the current administration would seek a last-ditch effort to go after companies ...