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Market
Will FTX face additional lawsuits or penalties related to the CFTC case by the end of 2024?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
Court records, official announcements from regulatory bodies
Story
FTX and CFTC Agree to $12.7 Billion Settlement Pending Court Approval
Jul 16, 2024, 07:13 PM
FTX and the Commodity Futures Trading Commission (CFTC) have agreed to a $12.7 billion settlement after months of negotiations. The settlement includes $8.7 billion in restitution and $4 billion in disgorgement, aimed at repaying creditors directly. No civil monetary penalties were imposed as part of the agreement. The settlement is subject to court approval and resolves a 19-month lawsuit.
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Similar markets
Yes • 50%
No • 50%
With a government entity • 25%
With a corporate entity • 25%
With individual investors • 25%
No major settlement • 25%
Yes • 50%
No • 50%
Criminal charges • 25%
Civil lawsuit • 25%
Settlement • 25%
No action • 25%
U.S. SEC • 25%
U.S. CFTC • 25%
U.S. DOJ • 25%
Other international body • 25%
Lawsuit against another exchange • 25%
Settlement with another creditor • 25%
Government investigation • 25%
No major legal actions • 25%
Ryan Salame's Sentence Reduced • 25%
Michelle Bond Indicted • 25%
New Charges Against Another Executive • 25%
No Further Actions • 25%
New lawsuits filed • 25%
Settlements reached • 25%
Bankruptcy proceedings conclude • 25%
No major developments • 25%