BNB Jumps 5.5% to $1,145 Following Trump’s Pardon of Binance Founder
Following reports of U.S. President Trump pardoning Binance founder Changpeng Zhao, Polymarket odds of his Binance return soared before stabilizing at 37%, with one trader earning ¥8.5 million in profit.
BNB
Summary
Polymarket odds of Changpeng Zhao’s return to Binance surged from 14% to 68% after reports of a presidential pardon from U.S. President Donald Trump, before settling around 37%. A trader reportedly profited ¥8.5 million from this shift in odds.
Terms & Concepts
- Polymarket: A prediction market platform where users can bet on the outcomes of various events, including political, economic, and market trends.