Political betting markets are showing increased activity following President Biden's pardon of his son Hunter, with speculation growing about potential future pardons.

Jim Biden, the president's older brother, has emerged as a likely candidate with a 33% probability on Kalshi's betting exchange - a 13-point increase in 24 hours. The surge follows concerns that a potential Trump administration DOJ could investigate Jim Biden's business dealings, which allegedly involved using family connections for investments.

Dr. Anthony Fauci is another prominent figure in pardon speculation. Betting markets show a 14% probability of him receiving legal immunity from President Biden, up 2% in recent trading. This speculation stems from Republican allegations about his Congressional testimony regarding COVID-19 research funding and vaccine efficacy.

The betting markets also show minimal odds for other potential pardons, including rapper Diddy, who faces serious legal charges. Despite being a Democratic Party donor, bettors give him only a 2% chance of receiving a presidential pardon.

These predictions come as Hunter Biden awaits sentencing on gun and tax convictions, with his recent pardon covering potential offenses from January 2014 through December 2024. Email evidence from Hunter's laptop revealed close business ties between him and his uncle Jim, particularly regarding foreign investments and partnerships.

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