Ross Ulbricht Polymarket Pardon Odds At 95% On Musk Remark

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Polymarket odds that US President Donald Trump will pardon Ross Ulbricht inside his first 100 days in workplace have surged to 95% following a latest remark by billionaire Tesla founder Elon Musk.

“Ross will probably be freed too,” Musk stated in a Jan. 21 reply to a put up on X.

Ross will probably be freed too
— Elon Musk (@elonmusk) January 21, 2025

Shortly after Musk’s reply, the decentralized prediction platform noticed Ulbricht’s pardon odds surge from 54%. Bettors on Polymarket now place the percentages of the Silk Street founder receiving a pardon from Trump at 95%.

The wager relating to the potential pardon for Ross Ulbricht reached a quantity of greater than $5.27 million.

Silk Street Founder Sentenced To Life In Jail

The wager on Ross Ulbricht receiving a pardon from Trump comes after the Silk Street founder was arrested in 2013 and sentenced to life in jail in 2015 with out the opportunity of parole. He was convicted for creating and operating what grew to become the most well-liked darkish internet market on the time that allowed customers to promote unlawful merchandise, primarily medication. The platform used Bitcoins for transactions to keep up anonymity.

Many believed Ulbricht’s sentence was too lengthy for the crime. His supporters collected over 600,000 signatures on freeross.org requiring Ross Ulbricht’s clemency. Amongst those that signed the petition are Bitcoin holders who help Silk Street’s concept.

Trump’s Promise To Pardon Ulbricht

Final Could, Trump first promised to pardon Ulbricht throughout a marketing campaign on the Libertarian Nationwide Conference.

“In the event you vote for me, on Day 1, I’ll commute the sentence of Ross Ulbricht to a sentence of time served,” Trump stated, including, “He’s already served 11 years, we’re gonna get him house.”

Regardless of his robust pro-crypto-oriented marketing campaign, the US President made no official assertion relating to Ulbricht or digital asset insurance policies.

Nevertheless, Musk’s put up on X elevated the percentages of Ulbricht’s launch. Angela McArdle, chair of the Libertarian Nationwide Committee, additionally talked about {that a} pardon for Ulbricht was being deliberate.

In the meantime, Ulbricht distanced himself from any cryptocurrency or meme coin utilizing his title. He posted on X that there isn’t any official “Ross coin.”

Roger Ver, an early Bitcoin investor and a supporter of Bitcoin money, additionally has a Polymarket pardon wager. Ver was charged with tax fraud final April, and the market at present sees a 32% probability that he’ll obtain a pardon inside the first 100 days of Trump coming into the White Home for his second time period.