Elon Musk and Brian Armstrong have both criticised this raid calling it an attack on political opponents of the present administration. Most people think that this attack was because the government thinks that Polymaket's polls that showed overwhelming support for Donald Trump contributed to his victory.
Do you think gambling platforms should avoid political events?
I do not think that the FBI did anything wrong by raiding the house of the CEO because he might have done some illegal things with his betting platform. After the investigation and he is found to be innocent, he will be left alone. The FBI are just doing their job because of information that they received. We are in a time that influence is a big market and the influence of the site could have made others to change their mind and vote for trump because people do not like to be on the losing end of anything but just because of this incident, I do not think is worth asking gambling platform to avoid involving in election bets. The sites are their for people to vote and try to make money with their choices. Gambling sites are welcome but they should not be cheaters.
If we do speak about overall transparency then this is something that will really be that totally wont be known on which there might be some activities on which we might not be able to know to public and this is why there might be some accusations that might lead directly into those kind of actions but turned out to be that clear or those accusations were indeed not true. Speaking about these gambling or betting platform then
it is really just that indeed normal that it should really be that legalized on such aspect but having that kind of limitation in speaking about political events then this is something that will really be needing up some
government decisions whether it would be allowed or not. If they have been that allowing it then basically means that there's no such rule or laws or simply being legal in the first place.
One of the major weapons of political leaders is the use of institutions to fight their perceived political opponents; as far as I know, this platform has been in operation for quite some time now and without any issues with either regulators or FYB because at that time their political activities where unknown.
But if the raid has to come the moment the platform becomes so vocal and involved in political events and to the point of predicting their results and winning candidates, this accurate outcome will indeed spark a reaction from the government, which may choose to use the institution of the state to enforce some laws.
Not that new anymore on which you will really be able to suddenly see up some new issues that been thrown out or any possible things that they could be able to accuse just to make the other party
would really be looking bad. We do know that everything would come into process on which it will really be something that needed up for it to be proven out.
