Crypto

Gamblers Wager Heavily on Trump Pardoning Binance Founder Changpeng Zhao

Polymarket’s Speculation on Presidential Pardons in 2025

Delve into expert-reviewed, trustworthy editorial content, crafted by leading industry professionals. Explore the latest findings from a Polymarket prediction poll titled “Who will Trump pardon in 2025.” The poll positions Changpeng Zhao as the leading contender for a presidential pardon, capturing 36% of the betting interest on this decentralized prediction platform.

Polymarket’s Current Insights

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Polymarket, a renowned prediction market platform, indicates significant speculative interest surrounding Zhao’s potential pardon. With 36% of participants favoring Zhao, the poll highlights a substantial lead, driven by collective opinion and accessible information rather than formal procedures. These markets offer a glimpse into public expectations, swiftly adapting to new developments.

In addition to Zhao, Congressman George Santos and entrepreneur Roger Ver are also notable contenders, each accruing 10% backing for a potential Trump pardon. Other figures mentioned include Steve Bannon, Rudy Giuliani, and Sean “Diddy” Combs, showcasing a diverse array of high-profile individuals within the market.

Legal Context and Public Discourse

In November 2023, Zhao admitted to neglecting to uphold a robust anti-money laundering (AML) program at Binance, prompting his resignation as CEO. The issue gained further traction when Zhao hinted at a possible pardon following President Donald Trump’s contentious December 2024 pardon of Hunter Biden. Zhao confirmed on a podcast in May that he had formally applied for a pardon from the White House.

Mounting Legal and Political Dynamics

The news of Zhao’s pardon application and associated business maneuvers elicited swift responses from key Democratic lawmakers. Spearheaded by Senator Elizabeth Warren, a letter was sent to White House Counsel David Warrington and Deputy Attorney General Todd Blanche, seeking clarification on any potential pardon status. Concerns were raised regarding a separate $2 billion collaboration involving Binance, MGX, and World Liberty Financial (WLF), particularly focusing on a stablecoin called USD1. The overlap of business interests and the pardon request prompted additional scrutiny.

Understanding the Role of Speculation in Presidential Pardons

While Polymarket’s data places Zhao ahead of other distinguished candidates, it’s crucial to understand that a market position does not equate to a legal decision. Presidential pardons are inherently political, influenced by a myriad of factors, and not every rumored candidate ultimately receives one. Although betting data highlights focal points of public interest, it doesn’t determine the final decision of the White House.

Editorial Integrity and Process

Our editorial process at Bitcoinist is dedicated to providing meticulously researched, accurate, and unbiased content. We adhere to stringent sourcing standards, and every piece of content undergoes comprehensive review by our team of top-tier technology experts and experienced editors. This rigorous process ensures the integrity, relevance, and informational value of our content for our readers.

Emma Horvath

After graduating Communication and Media Studies MA in Eötvös Loránd University, Emma started to realize that her childhood dream as a creative news reporter committed to find dynamic journalism stories. I'm a passionate journalist with a keen interest in the fast-evolving world of cryptocurrencies. I've been reporting on the latest developments in the crypto industry for several years now, covering breaking news and providing insights on how the market is trending. I'm adept at analyzing daily market movements, researching ICOs, and keeping track of the latest innovations in blockchain technology. My expertise in the space makes her a trusted voice in the crypto community. Whether it's the latest Bitcoin price movements or the launch of a new DeFi platform, I am always at the forefront, bringing her readers the most up-to-date and informative news.

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