Ex-FBI Officer is Watching Every Polymarket Trader, Says CEO Coplan

Polymarket pays a former FBI staffer to watch its traders full time. Chief executive Shayne Coplan revealed the role to US regulators on Thursday.

He spoke at the first meeting of the Commodity Futures Trading Commission's Innovation Advisory Committee. His message was blunt. Polymarket users have almost no privacy.

Polymarket Surveillance Goes Further Than the Company Says

Coplan described the hire while defending his platform in Washington.

"We have someone here right now who… is ex-FBI who works full-time at Polymarket."

That staffer built custom surveillance software in-house, he said. Outside firms were impressed it was not outsourced.

The detail is new. Polymarket's public integrity page names Chainalysis and Palantir as partners. It never mentions building tools of its own.

Coplan knew the news would sting. He said some users would be upset to hear it.

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The Numbers Behind the Monitoring

Polymarket reports handing 315 or more wallet records to authorities. It also claims 90 or more account referrals and two arrests. The company gives no date for those totals.

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