The FBI just raided the home of Polymarket’s founder. What does the future of electoral betting markets hold?

VCs from Sequoia and Dragonfly on the future of prediction markets.
Did you really think we’d stop talking about prediction markets after the election? Perhaps the best-known one, Polymarket, burst back into the spotlight on Wednesday after the FBI raided the home of its 26-year-old founder, Shayne Coplan. Reports of a Justice Department investigation leaked shortly thereafter. The future of the popular platform now looks hazy. To briefly recap, Polymarket was kicked out of the U.S. in 2022 for letting U.S. users bet on political prediction markets, which,...

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