Well now, if I ain’t seen it all! Prediction market traders done gone and trimmed the odds of a presidential pardon for our pal Sam Bankman-Fried after his folks took to the airwaves in a CNN interview, waving their flags of parental love high and mighty.
that FTX was insolvent on Nov. 11, 2022, that customers had no real prospect of repayment, and that Alameda regularly carried a multi-billion-dollar deficit on FTX. Sounds like a real page-turner, doesn’t it?
They’ve also tried to paint this whole affair in political hues. Fried claimed, “Sam’s prosecution was essentially political,” suggesting parts of the Biden administration have targeted the crypto industry. However, public support for a pardon appears as scarce as hen’s teeth. Senator Cynthia Lummis told Politico, “I hope the president doesn’t fall for that. […] He hurt a lot of people.”
Even Trump, that master of controversy, has reportedly signaled he wouldn’t pardon Bankman-Fried, leaving betting market traders with little reason to raise the odds. And there ya have it, folks-a tale of love, loss, and a whole heap of questionable financial decisions!
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2026-03-27 17:21