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Will RoaringKitty be a GameStop billionaire by Friday? Cryptocurrency traders place odds of 50%.
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Market watchers expect Keith Gill, known as Roaring Kitty, to potentially land a billion-dollar position in GameStop shares by Friday.
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Polymarket bets on Gill becoming a billionaire have gained ground, with the “yes” odds rising to 50.
Market watchers are widely backing retail stock trader Keith Gill to make a billion dollars on his positions in GameStop (GME) stock by Friday in what could become one of meme stock trading’s biggest success stories.
Gill, popularly known by his account $382 million profit on all options and stock positions. GME shares rose 47% to $46 yesterday and rose to $61 in after-hours trading.
Followers on Reddit did the math quickly and calculated that GME would need to add just $9 on Friday to give Gill a billion-dollar exposure to the video game retailer’s stock.
Polymarket bets on Gill breaking the 10-figure limit on his brokerage account quickly found favor with investors. Roaring Kitty’s “billionaire by Friday?” the market has amassed $120,000 in bets since it opened late Thursday, with the “yes” odds rising since early Asian hours on Friday, reaching 50%.
“If GME hits $70, the intrinsic value of its position would reach one billion. (5 million shares * $70) + (12 million shares from call * (70 $ – $20 strike)),” said user “etj103007,” who bought 15,000 shares in favor.
“I believe in Roaring Kitty,” said another user who held 1,000 “yes” shares.
Roaring Kitty likely has $1 billion of exposure to GameStop stock. (Polymarket)
The market will decide “yes” if @TheRoaringKitty announces she is a billionaire or otherwise shows a brokerage position of at least $1 billion in value by 11:59 pm ET tonight. The source of resolution for this market will be Gill’s information or his well-known social accounts.
Meanwhile, a spoof GME token on the Solana blockchain has amassed nearly $200 million in trading volume over the past 24 hours, largely thanks to Gill’s social updates. The related meme Roaring Kitty (KITTY) is up 220%, CoinGecko data Shows.