Bets on Sam Bankman-Fried's pardon surges to 12% on Polymarket

• Cointelegraph🟢 positive
Bets on Sam Bankman-Fried's pardon surges to 12% on Polymarket

Former FTX CEO Sam Bankman-Fried's odds on Polymarket of being pardoned by US President Trump have more than doubled to around 12% after Changpeng Zhao was pardoned.

Article Summary

**Sam Bankman-Fried Pardon Odds Surge 12% on Polymarket Following Binance CEO's Presidential Clemency** Cryptocurrency prediction markets are buzzing as betting odds for former FTX CEO Sam Bankman-Fried receiving a presidential pardon have doubled to 12% on Polymarket, the leading blockchain-based prediction platform. This dramatic surge follows President Trump's recent pardon of Binance founder Changpeng Zhao, creating ripple effects across the cryptocurrency community and DeFi markets. The development highlights growing speculation about potential clemency for high-profile crypto executives, with traders actively betting on political outcomes affecting the digital asset ecosystem. Bankman-Fried, currently serving time for his role in FTX's collapse, remains a central figure in cryptocurrency regulatory discussions. Polymarket's decentralized prediction markets demonstrate how blockchain technology enables real-time sentiment tracking for crypto-related political events. The increased odds reflect market participants' assessment that Trump's cryptocurrency-friendly stance could extend to pardoning prominent industry figures. This betting activity underscores the intersection of politics, regulation, and cryptocurrency markets, as investors closely monitor potential policy shifts affecting Bitcoin, altcoins, and the broader digital asset landscape.

Article Details

Source
Cointelegraph
Published
October 24, 2025 at 03:59 AM
Sentiment
🟢 positive
Type
Article
Category
institutional
Topics
InstitutionalMarket

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