Summary
Sam Bankman-Fried’s sentencing for criminal fraud and conspiracy charges is being eagerly anticipated by both his family and crypto gamblers. Betting odds suggest he is likely to receive a sentence of 20-to-50 years in prison, with low probability of a shorter or longer term. Most bets are being placed on outcomes that offer small profit margins.
Key Points
1. Sam Bankman-Fried, the disgraced FTX founder, is awaiting a decision from a Manhattan judge regarding his sentence for seven criminal fraud and conspiracy charges.
2. Gamblers on crypto gambling site Polymarket have collectively bet over $657,000 on Bankman-Fried’s sentence length, with options ranging from less than 5 years to 50 years or more.
3. The highest probability bets for Bankman-Fried’s sentence are in the ranges of 20-to-30 years, 30-to-40 years, and 40-to-50 years, with low odds for a sentence less than 5 years or over 50 years.