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News Explorer — Crypto Gamblers Are Betting on the Prison Sentence for FTX Founder Sam Bankman-Fried

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Mar 26, 7:04 pm

Decrypt

Crypto Gamblers Are Betting on the Prison Sentence for FTX Founder Sam Bankman-Fried

On Thursday, a Manhattan judge will decide the prison sentence for FTX founder Sam Bankman-Fried, who was convicted on seven criminal fraud and conspiracy charges. Crypto gambling site Polymarket has seen users collectively bet over $657,000 on the outcome, with the highest probability being a sentence of 20-to-30 years, 30-to-40 years, or 40-to-50 years. The odds of Bankman-Fried receiving a sentence of less than five years or 5-to-10 years are low, while bets on extremely lenient or harsh sentences have been made for potential profit margins.

On Thursday, a Manhattan judge will decide the prison sentence for FTX founder Sam Bankman-Fried, who was convicted on seven criminal fraud and conspiracy charges. Crypto gambling site Polymarket has seen users collectively bet over $657,000 on the outcome, with the highest probability being a sentence of 20-to-30 years, 30-to-40 years, or 40-to-50 years. The odds of Bankman-Fried receiving a sentence of less than five years or 5-to-10 years are low, while bets on extremely lenient or harsh sentences have been made for potential profit margins.

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