Asia Morning Briefing: After CZ’s Pardon, Odds Rise for Sam Bankman-Fried’s Second Chance
Odds for an FTX CEO Sam Bankman-Fried pardon increased after Binance founder CZ received a pardon from Trump.Summary
The probability of a presidential pardon for former FTX CEO Sam Bankman-Fried (SBF) has slightly increased following President Trump's pardon of Binance founder Changpeng 'CZ' Zhao. Bettors on prediction markets like Polymarket and Kalshi saw a jump in the odds for an SBF pardon, though it remains a long shot. SBF has reportedly been engaging in a media charm offensive, leaning into conservative outlets and claiming political punishment, while his parents seek allies within Trump's circle to secure clemency for his 25-year sentence. The article also notes significant market movements, including Bitcoin rising to around $110,700, Ether trading near $3,850 amid speculation of a major breakout, and gold trading near a record high of $4,126, driven by geopolitical tensions and central bank buying.
(Source：CoinDesk)