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What will be California's next major legal action related to market manipulation by end of 2024?
2
Resolution / Starting Odds
Against another energy trading firm • 25%
Against a tech company • 25%
Against a financial institution • 25%
Against another type of entity • 25%
Court filings, official announcements from California Attorney General's office, or credible news outlets
Story
Vitol and SK Energy Settle California Gasoline Market Manipulation Case for $50 Million
Jul 10, 2024, 05:14 PM
Energy trading firms Vitol and South Korea’s SK Trading International have agreed to pay $50 million to resolve allegations by California's attorney general that they manipulated the state's gasoline market. The lawsuit accused the firms of secretly working together to tamper with and manipulate spot market prices for California gasoline, causing consumers to pay higher prices. This settlement marks a significant resolution in the state's efforts to regulate and maintain fair market practices in the energy sector.
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Yes • 50%
No • 50%
Yes • 50%
No • 50%
Files new lawsuits • 25%
Implements new regulations • 25%
Issues fines • 25%
No significant actions • 25%
Decision upheld • 25%
Decision overturned • 25%
Settlement reached • 25%
No legal action taken • 25%
Ryan Salame's Sentence Reduced • 25%
Michelle Bond Indicted • 25%
New Charges Against Another Executive • 25%
No Further Actions • 25%
New lawsuit filed by Tesla • 25%
New lawsuit filed against Tesla • 25%
Tesla involved in a settlement • 25%
No major legal actions • 25%
Recordkeeping failures • 25%
Insider trading • 25%
Market manipulation • 25%
Other • 25%
Protests • 25%
Policy Change • 25%
Legislative Action • 25%
No significant action • 25%
File a lawsuit • 25%
Launch a public campaign • 25%
Negotiate with the state • 25%
No major action • 25%
New lawsuit filed • 25%
Settlement reached • 25%
Bankruptcy declared • 25%
No major legal action • 25%
Targeting new hacking group • 25%
Focusing on crypto exchanges • 25%
New regulatory measures • 25%
Other legal actions • 25%