How Prediction Market Websites Work: Polymarket

The video discusses Polymarket, a crypto-based platform for betting on world events, and its legal challenges in the U.S. Despite its accuracy in predicting the 2024 presidential election, Polymarket faces scrutiny for market manipulation and regulatory violations. The video explores the political implications and speculates on the reasons behind the federal raid on its founder, Shane Copeland.

What is Polymarket and how does it operate?

What are the implications of Polymarket's operations being illegal in the United States?

Discuss the potential reasons for the investigation into Polymarket as mentioned in the text.

Why are the federal authorities interested in Shane Copeland?

What role does Peter Thiel play in the context of Polymarket and its challenges?