Coinbase CEO Brian Armstrong has criticized the Department of Justice's (DOJ) investigation into Polymarket, a crypto prediction market platform. The investigation focuses on allegations that Polymarket allowed trades from US-based clients, which violated a 2022 agreement with the Commodity Futures Trading Commission (CFTC). The FBI conducted a raid on the apartment of Polymarket CEO Shayne Coplan, taking his electronic devices. Armstrong believes the investigation is politically motivated and expressed concern about the DOJ's actions. Polymarket has defended itself, stating that it provides a transparent prediction market for learning about global events and will fight for justice.



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