OpenAI CEO Drama Makes a Market for Blockchain Betters
CoinDesk
20 Nov 2023 7:44 AM
Over $250,000 in liquidity was built up in prediction market contracts on Polymarket over the weekend, from the serious to the absurd....
- Sam Altman, the Chief Executive of OpenAI, was forced out of his role due to communication issues with the board.
- Prediction market platform Polymarket has seen an increase in bets on why Altman left and what he plans to do next.
- The market with the most liquidity asks if Altman will return as CEO by the end of the year, with a 10% chance currently.
- Another contract asks if Altman will face criminal charges by Nov. 30, with a 1 cent trading value for "Yes".
- Altman's firing was not due to malfeasance or financial/business/safety/security/privacy issues.
- Contracts also speculate on Altman announcing a new company, suing OpenAI, and the future of OpenAI's chief scientist, Ilya Sutskever.
- Over $250,000 in liquidity was spread across eight prediction contracts on Sunday.
- Reports suggest Sutskever played a role in Altman's removal.
- AI-themed tokens rallied as Elon Musk announced his involvement with XAI and OpenAI's corporate drama intrigued traders.
The sentiment in the article seems to be neutral, providing factual information about Sam Altman's departure from OpenAI and the speculation surrounding it.
You May Ask
Why was Sam Altman forced out of OpenAI?What prediction market platform are people using to bet on Altman's departure?What are some of the prediction contracts available on Polymarket?How much liquidity was spread across the prediction contracts on Sunday?Who is speculated to have played a role in Altman's removal from OpenAI?