GME - Roaring Kitty's Chances Of Becoming A Billionaire Today Just Plummeted: Here's Why | Benzinga
Polymarket users are betting on whether Keith Gill, also known as “Roaring Kitty” will reach billionaire status by Friday.
What Happened: At the time of writing, Gill is given a 20% chance of achieving the feat. Polymarket, a popular crypto prediction market, defines the billionaire outcome as Gill announcing that he is a billionaire, “or otherwise showing a brokerage position of at least $1 billion dollars in value, by June 7, 2024, 11:59 PM ET.”
Gill recently showcased a $583 million position in a Reddit post, reflecting $382 million in profits from his options and equity positions in GameStop (NYSE:GME) stock.
In the aftermath of his revealing the position, GME stock saw a remarkable increase, climbing 47% to $46 and further spiking to $61 in after-hours ...