Close Menu
Invest Intellect
    Facebook X (Twitter) Instagram
    Invest Intellect
    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Commodities
    • Cryptocurrency
    • Fintech
    • Investments
    • Precious Metal
    • Property
    • Stock Market
    Invest Intellect
    Home»Cryptocurrency»Cryptocurrency site lets users bet on New Orleans prison escapees
    Cryptocurrency

    Cryptocurrency site lets users bet on New Orleans prison escapees

    May 21, 20253 Mins Read


    Cryptocurrency users bet on capture of escaped New Orleans inmates

    A cryptocurrency-based prediction platform is letting users place bets on whether five men who escaped from a New Orleans jail last week will be back in custody by Friday.

    The site, Polymarket, is offering odds on the remaining fugitives who broke out of the Orleans Justice Center on May 16. Ten men escaped through a hole behind a toilet. As of Wednesday morning, five had been caught.

    Escape included convicted killer

    Among the escapees was Derrick Groves, convicted of two counts of second-degree murder in 2024. The others were being held on serious charges such as murder, armed robbery, and assault but had not yet been convicted.

    The Orleans Parish Sheriff’s Office has warned the public not to approach the escapees, describing them as “armed and dangerous.”

    Where the odds stand

    As of Wednesday morning, Polymarket was offering the following odds on recapture by Friday:

    • Jermaine Donald: 32%
    • Derrick Groves: 43%
    • Antoine Massey: 25%
    • Leo Tate: 51%
    • Lenton Vanburen: 29%

    A sixth fugitive, Corey Boyd, had also been listed on the site until he was captured on Tuesday.

    Polymarket operates by letting users buy and sell shares on the outcomes of real-world events using cryptocurrency. Prices fluctuate based on demand, meaning participants are essentially betting against each other rather than the platform itself.

    Bets top $1,300 on one inmate

    According to the market, shares in Leo Tate’s recapture were trading for 65 cents, suggesting confidence in his return. The most money—about $1,386—was wagered on Vanburen. Only $399 had been bet on Groves.

    Shares cost between $0 and $1, with winners receiving $1 per correct share after the market closes.

    Jail employee arrested

    On Tuesday, the Orleans Parish Sheriff’s Office arrested Sterling Williams, a 33-year-old jail employee, in connection with the breakout. Three other staff members have been suspended during the ongoing investigation.

    Sheriff Susan Hutson previously stated she suspected the escape was “an inside job.”

    Public reaction and next steps

    Polymarket drew attention on social media for promoting the event with the phrase “PRISONER PARLAYS?” The post received nearly one million views on X, formerly known as Twitter.

    Louisiana State Police continue working with local and federal partners to find the remaining escapees.

    “We have every intention to continue pushing forward with our law enforcement partners until each of the fugitives is back in custody,” said agency spokesperson Katharine Stegall.

    What happens next

    The odds—and efforts—will continue evolving as authorities intensify the manhunt. While rare, large-scale prison escapes raise major questions about internal security, staff oversight, and system vulnerabilities.


    Get the latest headlines delivered to your inbox each morning. Sign up for our Morning Edition to start your day. FL1 on the Go! Download the free FingerLakes1.com App for iOS (iPhone, iPad).


    This content is brought to you by the FingerLakes1.com Team. Support our mission by visiting www.patreon.com/fl1 or learn how you send us your local content here.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    DOJ seizes $225 million in cryptocurrency tied to ‘pig butchering’ scams

    Cryptocurrency

    Pro-Israel Hacker Group Destroys $90 Million in Cryptocurrency in Iran’s Largest Crypto Exchange

    Cryptocurrency

    Senate Passes GENIUS Act, Historic Move for Crypto Regulation

    Cryptocurrency

    China Set to Launch Global Hub for Digital Yuan

    Cryptocurrency

    Life Of Pi After Binance: How High Can It Go If Listed On World’s Largest Cryptocurrency Exchange?

    Cryptocurrency

    Shanghai hub bolsters digital yuan’s global ambitions

    Cryptocurrency
    Leave A Reply Cancel Reply

    Top Picks
    Investments

    German Companies Rethink U.S. Investments Amid Trump’s Tariff Strategy

    Commodities

    Commodities tune out of Trump’s noise to trade fundamentals

    Cryptocurrency

    Cryptocurrency status in limbo as officials fear ‘dollarization’ of economy, unclear global regulation

    Editors Picks

    Chrysalis Investments enregistre une valeur nette d’inventaire en hausse au premier trimestre

    May 8, 2025

    Arizona AG issues warning about Bitcoin and cryptocurrency scams

    August 20, 2024

    A tribute to Fran Silver, my mentor and friend

    July 23, 2024

    Exodus, Dismember, Pig Destroyer and More Announced for Decibel’s Metal & Beer Fest

    October 28, 2024
    What's Hot

    The challenges of agricultural waste in Guadeloupe constitute a climate and health emergency · Global Voices

    March 20, 2025

    JPMorgan Raises $9 Billion of Bonds in Post-Earnings Spree

    July 15, 2024

    International interest in UK property coming from across the globe, brokers say

    March 19, 2025
    Our Picks

    XAU/USD looks primed for a correction from record highs

    October 21, 2024

    Flow Capital annonce des investissements de suivi de 1,5 million de dollars dans des Fintech canadiennes

    March 28, 2025

    Trump pledges to sack SEC chief at Bitcoin bash

    July 28, 2024
    Weekly Top

    Precious Metals Rally as Gold Nears New Highs

    June 19, 2025

    3 Dividend Stocks To Consider For Your Portfolio

    June 19, 2025

    Faraday Copper Corp. publie les résultats finaux de neuf forages de la phase III sur le projet Copper Creek en Arizona

    June 19, 2025
    Editor's Pick

    OPINION. « Des terres rares en Ukraine  ? » (Didier Julienne)

    March 13, 2025

    LDS Church, already an agricultural ‘titan,’ is buying farms in 8 states for $289M

    October 12, 2024

    Amid Heated Trump-Harris Battle, Crypto Industry Pours ‘Unprecedented’ $119M Into 2024 Elections – Here Are The Biggest Donors

    August 22, 2024
    © 2025 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.