Resolution criteria

This market resolves to the single option that accurately describes the legal and custodial status of Alice Huang (also known as Huang Le) in relation to U.S. federal criminal law enforcement as of 11:59 PM ET on January 1, 2028:

• Not charged: Alice Huang has not been named in an unsealed U.S. federal indictment or criminal complaint alleging espionage, theft of trade secrets, export control violations, wire fraud, or related conspiracy by the resolution date. If charges were filed but fully dismissed or dropped before the cutoff, the market will also resolve to this option.

• Charged and in US custody: Alice Huang has been charged under an unsealed U.S. federal indictment or complaint and is physically within U.S. custody (including detention in a U.S. federal or state facility, or released on bond/bail under conditions set by a U.S. federal court) on January 1, 2028.

• Charged and not in US custody: Alice Huang has been charged under an unsealed U.S. federal indictment or complaint, but is not in U.S. custody (e.g., remaining outside the United States, classified as a fugitive, or detained solely by a foreign government pending extradition) on January 1, 2028.

Sources of verification:

• Official filings via PACER or public announcements from the U.S. Department of Justice.

• In the absence of direct docket access, consensus reporting from major credible news organizations (e.g., Reuters, The Associated Press, The Wall Street Journal, The New York Times, Bloomberg).

If Alice Huang is confirmed deceased prior to the resolution date without ever having been charged, the market resolves to NA. If she is deceased after being charged, custody status at the time of death will determine the outcome.

Background

In late 2026, investigative reports disclosed that U.S. intelligence agencies had surveilled Alice Huang (Huang Le), a Chinese national and former managing director at Singapore-based Megaspeed. Megaspeed had procured billions of dollars in high-performance hardware from NVIDIA. Intelligence assessments alleged that she acted as an asset for China's Ministry of State Security (MSS) to gather intelligence on advanced semiconductor technology and navigate U.S. export restrictions.

Following reporting on an extramarital relationship between Alice Huang and NVIDIA CEO Jensen Huang, NVIDIA's board initiated an independent internal review into foreign intelligence targeting. As of market creation, no criminal charges against Alice Huang have been publicly announced by U.S. authorities.