The company’s new management, which took over when FTX founder Sam Bankman-Fried resigned Nov. 11, told a procedural hearing on Tuesday that it had over $1 billion in assets identified. The company located about $720 million in cash assets, which the exchange has yet to consolidate, in U.S. financial institutions authorized to hold funds by the U.S. Department of Justice. Another near $500 million is already being held in U.S. institutions.
US Military Action Against Iran Exposes Split Between Polymarket and Kalshi Models
US and Israeli strikes on Iran over the weekend despatched shockwaves by prediction markets, exposing sharp operational contrasts as a...
