$FTT #sevenstarcfi 🧐Polymarket users are betting that Biden is more likely to pardon SBF than Ross Obrecht⬅️
The former FTX CEO is currently serving a 25-year prison sentence pending appeal, while the Silk Road founder was sentenced to life in prison in 2015.
US President Joe Biden, who is set to leave office on January 20, still has time to issue pardons and commute sentences for individuals convicted of federal crimes — and some crypto users are betting that he is turning his attention to the founders of Silk Road and FTX.
As of January 9, crypto betting platform Polymarket was giving users 4% odds that President Biden would pardon former FTX CEO Sam “SBF” Bankman-Fried and a 2% chance that he would pardon Silk Road founder Ross Ulbricht. At press time, users had bet more than $5 million on SBF odds and $1.2 million on Ulbricht odds.