You seem to be anti-polymarket. I'm speculating that one or more of their competitors are behind the timing on this raid, and not offering any opinion on whether polymarket made a wise choice in not seeking regulation or whether or not they would also pull the same move on competitors.

IMO, the counters to my speculations would be that the raid was because they got too popular and the gov didn't want a million people starting up their own exchanges, or they reached a monetary tipping point the gov set to warrant a raid.