Resolution reflects bipartisan pushback as traders assign less than 1% chance of a Trump pardon by July 31.
The US Senate unanimously adopted a resolution opposing clemency for Sam Bankman-Fried, the former FTX CEO sentenced to 25 years for fraud. The measure gained bipartisan support after Bankman-Fried applied for clemency from former President Trump in June 2026.
Bankman-Fried was convicted in March 2024 for his role in FTX’s 2022 collapse, which triggered widespread market turmoil. Speculation about a pardon emerged despite his sentencing, though Polymarket traders currently price the odds at under 1%.
The Polymarket contract tracking the pardon has drawn over $734,000 in trading volume, signaling investor interest despite the low probability.