From Fortune · Camila Grigera Naón · · 1m 10s
Prediction markets bet Huang keeps Nvidia job
Traders are wagering on Jensen Huang's future after he admitted an affair with a suspected Chinese spy. Early odds favour him staying.
In brief
Traders are wagering on Jensen Huang's future after he admitted an affair with a suspected Chinese spy. Early odds favour him staying. Prediction market traders give Jensen Huang a 16 percent chance of resigning or being removed as Nvidia CEO by year-end, betting he will likely stay. Originally reported by Fortune.
Huang admits affair with suspected spy
Nvidia CEO Jensen Huang acknowledged to the company's board an intimate relationship with a business executive whom U.S. intelligence officials reportedly identified as a Chinese spy. Nvidia announced an investigation into Huang on Sunday.
Traders bet on Huang's departure timeline
A Kalshi contract on when Huang will leave as Nvidia CEO has drawn more than two hundred sixty-six thousand dollars in trading volume.
Polymarket shows low odds of near-term exit
Polymarket has listed a market on when Huang's resignation or removal as CEO will be announced, drawing more than three hundred five thousand dollars in trading volume.
Stock falls as scandal unfolds
Nvidia shares have fallen nearly ten percent since Monday morning. Traders have turned the corporate scandal into a running forecast of what could happen next, much as they do with other unfolding news.
At a glance
Prediction market traders give Jensen Huang a 16 percent chance of resigning or being removed as Nvidia CEO by year-end, betting he will likely stay.
