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Market watchers expect Keith Gill, known as Roaring Kitty, to potentially take on a $1 billion position in GameStop shares on Friday.
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Polymarket bets on Gill becoming a billionaire have gained steam, with "yes" odds rising to 50.
Market watchers are widely backing retail stock trader Keith Gill to liquidate $1 billion in his positions in GameStop (GME) stock by Friday in what could become one of the biggest success stories in stock trading. meme actions.
Gill, popularly known for his profits on all options. and stock positions. GME Shares Up 47% to $46 Yesterday and went up to $61 in after-hours operations.
Followers on Reddit he quickly did the math and calculated that GME needed to add just $9 on Friday to give Gill $1 billion exposure to the video game retailer's stock.
Polymarket's bets on Gill breaking the 10-digit mark in his brokerage account have quickly found favor with investors. Roaring Kitty's billionaire for Friday? The market has racked up $120,000 in bets since it went live late on Thursday, and the "yes" odds have increased since early Asian hours on Friday, reaching 50%.
โIf GME hits $70, the intrinsic value of your position would reach $1 billion. (5 million shares * $70) + (12 million call shares * ($70 - $20 strike)),โ said user โetj103007,โ who bought 15,000 shares.
โI believe in Roaring Kitty,โ said another user who owned 1,000 โyesโ shares.
The market will decide "yes" if @TheRoaringKitty announces that he is a billionaire or shows a brokerage position of at least $1 billion in value at 11:59 pm ET tonight. The resolution source for this market will be information from Gill or his well-known social accounts.
Meanwhile, a fake GME token on the Solana blockchain has racked up nearly $200 million in trading volumes in the past 24 hours, largely driven by Gill's social updates. The related Roaring Kitty (KITTY) meme increased by 220%, CoinGecko Data sample.
