SBF Polymarket Odds Shot Up After Trump Pardoned CZ – But Will The Momentum Last?
FTX founder Sam Bankman-Fried’s (SBF) odds of being pardoned by U.S. President Donald Trump rose amongst Polymarket bettors on Thursday following information that he had granted clemency to Binance founder Changpeng ‘CZ’ Zhao, a ballot on the decentralized prediction market exhibits.
SBF Sees Pardon Odds Leap on Polymarket
According to the poll labeled “Who will Trump pardon in 2025,” Bankman-Fried’s odds of being pardoned rose by greater than 6% inside a 24-hour span.
On Thursday morning, Bankman-Fried’s odds of being pardoned held regular at 6%. However, they rose to 12.5% by Thursday night time.
By Friday afternoon, Bankman-Fried’s odds of being pardoned hovered round 9.7%.
News of the ballot comes almost two years after the previous FTX CEO was found guilty on criminal charges tied to his time on the doomed crypto change.
The former “king of crypto” was sentenced to 25 years in federal jail for orchestrating the massive digital asset scheme that noticed FTX traders drained of $8 billion.
Several former associates of Bankman-Fried additionally testified towards him, together with FTX chief technical officer, Gary Wang, the crypto platform’s former head of engineering, Nishad Singh, and one-time Alameda Research CEO, Caroline Ellison.
Earlier this month, the disgraced FTX founder took to social media to allege that “Biden’s anti-crypto SEC/DOJ went after me” and had arrested him in 2022 as a way of stopping his testimony on Capitol Hill the following day.
“They had me arrested weeks earlier than the crypto invoice I used to be engaged on was set for a vote—and the night time earlier than I used to be set to testify earlier than Congress,” a submit on Bankman-Fried’s official Gettr account says.
Bankman-Fried is at present interesting his November 2023 conviction and is predicted again in court docket on November 3 in New York City.
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