Story perspectives

Trader Earns $300K Betting on Biden's Last-Minute Pardons

4/16/2026

Summary

Story summary

A Polymarket trader reportedly earned $300,000 by betting on President Biden's last-minute pardons before leaving office.
The bets targeted four individuals, including Jim Biden and Liz Cheney, who were pardoned despite no charges.
An analysis by Bubblemaps suggests the trader may have had insider information, raising concerns about insider trading.
Experts call for clearer prediction-market regulations as suspicious bets surface during U.S. President Donald Trump's administration.

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Story summary

A Polymarket trader reportedly earned $300,000 by betting on President Biden's last-minute pardons before leaving office.
The bets targeted four individuals, including Jim Biden and Liz Cheney, who were pardoned despite no charges.
An analysis by Bubblemaps suggests the trader may have had insider information, raising concerns about insider trading.
Experts call for clearer prediction-market regulations as suspicious bets surface during U.S. President Donald Trump's administration.