Brian

Coin

<ul class="wp-block-list news-points"> 
 <li>Coinbase CEO Brian Armstrong criticizes the DOJ for its investigation on Polymarket.</li> 
 <li>The DOJ probes into Polymarket for allegedly accepting trades from US-based clients.</li> 
 <li>The FBI raided Polymarket CEO’s apartment, seizing his phone and electronic devices.</li> 
</ul> 
Coinbase CEO Brian Armstrong spoke out against the Department of Justice’s investigation into Polymarket, a crypto prediction market platform with strong ties to Coinbase. The two companies have a history of collaboration, including shared investments and working together on regulatory issues. 
In a now-deleted X post, Armstrong expressed concern about the DOJ’s actions, which he views as politically motivated. He also suggested that the investigation could ultimately benefit Polymarket. 
The DOJ has reportedly <a href="https://www.bnnbloomberg.ca/investing/2024/11/13/polymarket-investigated-by-doj-for-allegedly-letting-us-users-bet-on-platform/#:~:text=(Bloomberg)%20%2D%2D%20The%20US%20Justice,person%20familiar%20with%20the%20matter." target="_blank" rel="nofollow">initiated</a> a probe into Polymarket for allegedly allowing trades from US-based clients. The Federal Bureau of Investigation (FBI) searched the Manhattan apartment of Shayne Coplan, CEO of Polymarket, taking his phone and electronic devices. 
Ryan Seam Adams, co-founder of the technology podcast Bankless,<a href="https://x.com/RyanSAdams/status/1856805348406862178" target="_blank" rel="nofollow"> expressed</a> alarm over the FBI’s raid on Shayne Coplan. Adams said the authorities did not give a…
The post <a href="https://coinedition.com/coinbase-ceo-condemns-doj-probe-into-polymarket/">Coinbase CEO Condemns DOJ Probe into Polymarket</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Coinbase CEO Condemns DOJ Probe into Polymarket

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