Rajaratnam Jurors Resume Deliberations, Intrade Shows 90% Chance Of Conviction

May 2 2011 | 1:17pm ET

The jurors in the Raj Rajaratnam insider-trading trial have yet to render a verdict—they began their sixth day of deliberations today—but his fellow traders, or at least those betting on his fate, say he might as well get used to eight-by-twelve rooms and prison stripes.

There is a 90% chance the Galleon Group founder will be convicted of at least some of the 14 charges against him, traders on Intrade believe. The predictive market launched contracts on the Rajaratnam trial on Wednesday, the third day of deliberations. The odds haven't changed much since then.

Contracts on Rajaratnam's trial are going for about $9 each; if he goes up the river, they'll be worth $10. If he beats the rap, "investors" are out their $9.

Meanwhile, the seven women and five men who will decide the winners and losers of those contracts—as well as whether Rajaratnam will spend decades in prison—returned to Manhattan federal court this morning after a weekend off from the trial.


In Depth

Q&A: Decathlon Capital On Revenue-Based Alternative Lending

Oct 30 2017 | 3:49pm ET

The explosion in private credit activity since the end of the financial crisis is...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Saxby: Not All EBITDA Is Created Equal

Nov 30 2017 | 8:02pm ET

Record levels of dry powder are driving competition among private equity firms to...