On May 12, Keith Gill, often referred to by his YouTube and X account name “Roaring Kitty,” posted on social media for the first time in nearly three years: a seemingly benign image of a man leaning in while playing a video game. The post somehow sent GameStop stock to surge more than 100 percent the next day, bringing to mind its stock rally in early 2021 that kicked start the notorious “meme stock” phenomenon. Three weeks later, yesterday (June 3), Gill revealed in another X post that he held a $116 million bet on GameStop, which caused the stock to surge 21 percent. Gill’s GameStop stake was worth $386 million after the dramatic rally.

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Gill became synonymous with GameStop stock after he caused the trading frenzy in........

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