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A Polymarket trader made $300,000 on Biden's pardons

Posted

April 16, 2026

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A new analysis of the site Polymarket shows that one trader made more than $300,000 betting on former President Biden’s pardons. Legal experts say it appears to have been a person with insider information.

Most of the profits discovered by the French analytics firm Bubblemaps came from a winning streak of bets placed in the final hours Biden was in office, when he pre-emptively pardoned Sen. Adam Schiff, former Rep. Liz Cheney and others.

Several major global events recently have led to suspected insider trading on Polymarket.

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President BidensSen Adam SchiffRep Liz CheneyPolymarket CheckNPR News Now

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A Polymarket trader made $300,000 on Biden's pardons · Npr · Sentinel