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Jan 21, 2025

Polymarket Bettors Predict Ross Ulbricht Pardon in Trump’s First 100 Days

1 min

President Donald Trump did not mention bitcoin in his inaugural speech or executive orders. However, bettors on Polymarket predict a pardon for Ross Ulbricht, founder of Silk Road, following statements from Elon Musk and Angela McArdle.

  • Polymarket contract for Trump's pardons surged to 99% for Ulbricht.
  • Trump promised to commute Ulbricht's sentence if re-elected, stating he would be home soon.
  • Ulbricht is serving a life sentence, deemed excessively long by supporters.
  • Roger Ver, an early bitcoin investor, has a 32% chance of receiving a pardon within the first 100 days after being indicted for tax fraud.
  • Bettors estimate a 43% likelihood of a cryptocurrency executive order in the first week.