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

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry

Oct 7 2016 | 10:55pm ET

Alternative investment managers have emerged as some of the most significant art...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...