Bettors Betting on Who President Biden Will Pardon Next, Fauci’s Stock Climbs

Bettors Betting on Who President Biden Will Pardon Next, Fauci’s Stock Climbs

By Michael Davidson

December 3, 2024 at 07:23 PM

Political betting markets are showing increased activity following President Joe Biden's pardon of his son Hunter Biden. The pardon covers all offenses committed or potentially committed between January 2014 and December 2024.

Fauci testifies at Congressional hearing

Fauci testifies at Congressional hearing

Current betting odds on Kalshi indicate:

  • Jim Biden (President's brother): 33% chance of receiving a pardon (up 13 points in 24 hours)
  • Dr. Anthony Fauci: 14% chance (up 2% in 24 hours)
  • Sean "Diddy" Combs: 2% chance

Jim Biden's increased odds stem from Republican concerns about his business dealings, particularly in China, and his use of the Biden name in securing loans. Emails from Hunter Biden's laptop revealed close ties between uncle and nephew in various business ventures.

Dr. Fauci's potential pardon speculation relates to Republican allegations about his Congressional testimony regarding gain-of-function research funding and COVID-19 vaccine statements. Some believe he could face investigation under a potential Trump administration.

The speculation around these pardons has intensified following Hunter Biden's pardon, which precedes his upcoming sentencing on gun and tax convictions. The betting markets reflect growing uncertainty about potential legal actions in a changing political landscape.

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