Will CZ Be Sentenced to Prison?
Market Information
| Market Open Date | Start Date | Market Close Date | Currency | Profit Fee |
|---|---|---|---|---|
| 2024-04-28 | 2024-02-13 18:30 ET | 2024-05-01 | USD | 0% |
Rules
On Feb 13 it was announced the sentencing of Changpeng Zhao (CZ) in the ongoing case "United States v. Changpeng Zhao" would be postponed to April 30 (see https://www.cnbc.com/2024/02/12/criminal-sentencing-of-binance-founder-cz-postponed-to-late-april-.html). This market will resolve to "Yes" if CZ is sentenced to spend any time in custody of a jail or prison, as part of "United States v. Changpeng Zhao", by December 31, 2024, 11:59 PM ET. Otherwise, this market will resolve to "No". This market will resolve immediately based on the first sentence passed in this case, regardless of appeals. If the first sentencing in this case does not include jail or prison time, this market will resolve to "No". The primary resolution source for this market will be official information from involved government(s), however a consensus of credible reporting may also be used.
There are "taker fees" on this market. The taker fees apply when you match an existing order on the order book, whereas the maker subsidy happens when you place an unmatched order that can be matched later. The taker fees are .075 times the price, times the potential profit (e.g., Taker Fee per share = .1*Price/100*(1-Price/100)). Thus, the taker fee to buy 100 shares at 20 cents would be: 100*.075*(20/100)*(80/100) = $1.20.