CDS Crypto News Betting on CZ Jail Time: Some Participants Thinking 75% Likelihood of His Serving Time
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Betting on CZ Jail Time: Some Participants Thinking 75% Likelihood of His Serving Time

The number of users playing betting on CZ jail time has increased.

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Betting on CZ Jail Time: Some Participants Thinking 75% Likelihood of His Serving Time

Crypto News – As US market watchdogs intensify their crackdown on cryptocurrency, industry observers are keenly interested in Changpeng Zhao’s future as one of the main personalities in the space.

Betting on CZ Jail Time: Some Participants Thinking 75% Likelihood of His Serving Time

Following Binance’s guilty plea to US Department of Justice accusations, which included assisting money laundering, he was sentenced. In November, the business was mandated to pay $4.3 billion in fines. Zhao resigned as CEO and entered a guilty plea to violating securities laws at the same time.

Forecasts Differ on the Two Platforms

On the other hand, some platforms have started bets about the former CEO’s detention process. The gamblers on Manifold had little hope of Zhao staying out of jail. The former CEO and co-founder of Binance has a 75% chance of going to jail. This is based on Manifold users betting that Zhao would go to jail.

On the blockchain-based betting platform Polymarket, however, wagerers anticipate that he won’t go to jail for very long. About 49% of people anticipate that he will spend less time behind bars than six months. The probability go smaller the longer the possible punishment.

Rather than calling themselves betting sites, Polymarket and Manifold describe themselves as prediction markets where users can “profit from the things you know best,” as Polymarket puts it. Users of these online markets can place bets on any subject in the hopes of gaining insightful knowledge about current affairs. Users can wager on their beliefs with both of them.

Betting on CZ Jail Time: Some Participants Thinking 75% Likelihood of His Serving Time
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lectertodd

Lectertodd is 25 years old. She graduated from Çankaya University, Department of Psychology, in 2021. She actively works as a writer, translator, and editor for various websites. Moreover, she loves reading, researching, and learning new things.

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