Biden Pardons: Betting Markets Show Growing Odds for Jim Biden and Fauci

Biden Pardons: Betting Markets Show Growing Odds for Jim Biden and Fauci

By Marcus Bennett

December 3, 2024 at 07:22 PM

Political betting markets are actively speculating on President Biden's potential future pardons following his controversial pardon of his son Hunter Biden. The pardon covers all offenses committed or potentially committed between January 2014 and December 2024.

Jim Biden, the president's older brother, has emerged as a leading candidate for a potential pardon. Betting platform Kalshi shows a 33% probability - a 13-point increase in 24 hours - reflecting concerns that a future Trump administration's Department of Justice might investigate the 75-year-old's business dealings.

Fauci testifies at Congressional hearing

Fauci testifies at Congressional hearing

Email evidence from Hunter Biden's laptop reveals close business ties between Hunter and his uncle Jim, particularly regarding Chinese investments. Republican lawmakers have accused Jim Biden of leveraging his family name for securing loans that often went unpaid.

Dr. Anthony Fauci is another prominent figure in pardon speculation. Trading at 14% probability on Polymarket, bettors believe he might need protection from potential prosecution under a Trump administration. Republicans have accused Fauci of misleading Congress regarding NIH funding for the Wuhan Institute of Virology and making false statements about COVID-19 vaccine efficacy.

Sean "Diddy" Combs, despite being a longtime Democratic donor, holds only a 2% chance of receiving a pardon for his current legal troubles, which include charges of racketeering and sex trafficking.

These predictions come as Hunter Biden awaits sentencing on gun and tax convictions, highlighting the political sensitivity surrounding presidential pardons during Biden's tenure.

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