The FBI on Wednesday raided the home of Shayne Coplan, founder and CEO of the popular prediction betting market Polymarket. It isn't yet clear why agents entered the entrepreneur's New York City apartment at 6 a.m. Wednesday morning, or whether Coplan or Polymarket are the targets of an investigation, Axios reported. The FBI reportedly roused the tech founder from his bed and seized his electronic devices, according to an unnamed source close to the situation who spoke with the New York Post. The decentralized platform allows users to place bets on a wide array of future events, including weather patterns, economic indicators, and political outcomes. It garnered mainstream attention in the run-up to the election for its odds predicting a Donald Trump victory"he was a 58 to 42 percent favorite on Polymarket a day before Election Day, CNN reported.