Czech Republic Initiates 4-Month Prison Term for CZ; Polymarket Wagers Suggest Skepticism Over Trump’s Incarceration
Welcome to Coindesk Daily. I’m Helene Braun filling in for Jensen Asi. Finance founder Sheng Ping Zhao, also known as CZ, has reported to a federal prison in California. He will be spending the next four months at Lump Park, a low security facility. With a net worth of $36.5 billion, CZ is believed to be the richest person to ever go to prison in the US, according to the Bloomberg billionaires index. Despite being the first US president to be convicted in criminal court, Donald J Trump’s chances of prison time are uncertain. Prediction markets show a slight decrease in the probability of Trump winning, now at 54%. Dapper Labs has reached a $4 million settlement with investors who sued the NFT company and its co-founder, Roham Gary gos low, for violating federal securities laws. This settlement, which is pending approval by a district court judge, could end a nearly three-year legal battle. Stay updated on coin.com for more news and we’ll see you next time.
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