March 11, 2025

THE MONEY GAME

Shayne Coplan’s Big Bet Is Paying Off

By Jen Wieczner

Photo: Dina Litovsky

At 6 a.m. on Wednesday, November 13, eight FBI agents in black windbreakers burst through the door of Shayne Coplan’s Soho apartment with a battering ram, surprising him and his girlfriend in bed. They seized his phone from the bedside table but wouldn’t let him touch it, not even to unlock it, lest he destroy evidence that might criminally implicate him or his company, Polymarket, the popular betting platform that over a week before had set off celebrations at Mar-a-Lago when it showed Donald Trump winning the presidential election well before the networks did. After grabbing both his and his girlfriend’s devices, the FBI spent hours sifting through his belongings and eclectic art collection. Coplan popped up on X later that day to write, “new phone, who dis?”

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Intelligencer - Shayne Coplan’s Big Bet Is Paying Off

Stay informed about business, politics, technology, and where they intersect.

Today's Top Stories

DHS agents detained Khalil, a green card-holding Palestinian activist who took part in the Gaza protests at Columbia University.

By Nia Prater

This is only the second mayoral primary with ranked-choice voting, and it could sink or save the polarizing front-runner.

By Ross Barkan

The president didn’t get a polling bounce from his big speech, and there are signs that the economy and Musk’s antics are causing problems for him.

By Ed Kilgore

The president, who would like Americans to “shut up” about egg prices, spoke out about the plight of the world’s richest man.

By Margaret Hartmann

Trump and his aides have reportedly threatened to redraw the northern border, go after Canada’s minerals and water, and cancel NORAD.

By Nia Prater, Chas Danner

The DOGE edgelord has views on popular entitlement programs that no politician could embrace without fear of extinction.

By Ed Kilgore

Why is the notoriously private First Lady filming a Brett Ratner–directed documentary? It might have something to do with the $28 million paycheck.

By Margaret Hartmann

My Week in New York

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