An anonymous Polymarket trader earned approximately $300,000 by betting on President Biden's last-minute pardons. The trader placed significant bets on four individuals just hours before Biden left office.
In the final hours of President Biden's term, a Polymarket trader made around $300,000 by betting on pardons for Jim Biden, Liz Cheney, Adam Schiff, and Adam Kinzinger, despite the odds being nearly zero. The trader placed about $64,000 in bets that these individuals would receive pardons, which were granted to protect them from potential prosecution in a future Trump administration. Additionally, the same trader had previously wagered on a pardon for Hunter Biden related to gun and tax charges.