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Roaring Kitty Charged in 2024 Betting Odds

Written by:

Aaron Goldstein

Published on:

Jun/03/2024

Did Keith Gill (RoaringKitty) being charged in 2024? You can bet on it.

Polymarket was offering this betting market as of June 3.

In case you don't know, Gill, 37, is a YouTube influencer, trader, and is the man behind the GameStop stock surge back in 2021. He also goes by the handle "DeepF--kingValue" on Reddit.

He shared his thoughts about GameStop on Reddit and YouTube, expressing why he believed the company was undervalued, even going to to invest $50,000 into GameStop. Others soon joined him and eventually the stock price's value skyrocketed to $483 in January 2021.

According to the SEC report, this volatility was only in part due to the massive buying power of retail investors. The company received significant media attention during January and February 2021 due to the volatility of its stock price in the GameStop short squeeze.

On Monday June 3, the GameStop price was surging once again after the meme-stock mania of 2021 posted what appeared to be a $116 million position in the video-game retailer on Sunday.

A position that large would make Gill one of the company’s five biggest investors and is more than six times the number of shares his account showed in an April 2021 post, the last time it was active on Reddit, when accounting for a four-for-one stock split.

Gill can probably sleep at night. The oddsmakers have him at long odds to be charged this year at +614.

This market will resolve to “Yes” if any Federal or State jurisdiction of the United States formally charges or otherwise announces a criminal indictment of Keith Gill ("Roaring Kitty") by December 31, 2024, 11:59 PM ET. Otherwise, this market will resolve to “No”.

For the purposes of this market the District of Columbia and any county, municipality, or other subdivision of a State shall be included within the definition of a State.

The primary resolution source for this market will be official information from US governmental sources, however a wide consensus of credible reporting will also be used.

By Aaron Goldstein

Aaron is our long time business reporter. He resides in Jersey City, New Jersey.

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