• Durov’s arrest caused a sharp decline in Toncoin, reflecting shaken investor confidence.

• Polymarket odds show growing skepticism about Durov’s release, with probability at 25%.

• Market volatility persists as Toncoin fluctuates post-arrest, indicating ongoing uncertainty.

Prediction market Polymarket now shows lower odds for Pavel Durov’s release from house arrest in August. The chance of his release currently sits at 25%, a sharp drop from 50% just a day ago. This considerable decrease points out growing uncertainty and doubt among traders regarding Durov’s release this month.

Source: Polymarket

Pavel Durov, the billionaire behind Telegram, was arrested by French authorities at Le Bourget Airport near Paris late one Saturday evening. The arrest stems from serious accusations by the French National Anti-Fraud Office.

JUST IN: Telegram Founder & CEO Pavel Durov arrested in France. pic.twitter.com/NtJmtJewm0

— Watcher.Guru (@WatcherGuru) August 24, 2024

The report alleges that Telegram’s policies, particularly its minimal restrictions and limited cooperation with law enforcement, have turned the platform into a haven for illegal activities like drug tr…

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