Polymarket users bet Biden more likely to pardon SBF than Ross Ubricht
The former FTX CEO is currently serving a 25-year sentence awaiting appeal, while the Silk Road founder was sentenced to life in prison in 2015.
United States President Joe Biden, scheduled to leave office on Jan. 20, still has time to issue pardons and commute the sentences of individuals convicted of federal crimes — and some crypto users are betting he turns his attention to the founders of Silk Road and FTX.
As of Jan. 9, cryptocurrency betting platform Polymarket gave users 4% odds on President Biden pardoning former FTX CEO Sam “SBF” Bankman-Fried and a 2% chance he would pardon Silk Road founder Ross Ulbricht. At the time of publication, users had bet more than $5 million on SBF’s chances and $1.2 million on Ulbricht’s.
Bets on US President Joe Biden issuing pardons. Source: Polymarket
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Author: Turner Wright
