Political betting markets are showing increased activity following President Joe Biden's pardon of his son Hunter, with traders speculating on potential future pardons.

Jim Biden, the president's older brother, has emerged as a leading candidate for a potential pardon, with betting markets giving him a 33% chance - a 13-point increase in 24 hours. The surge follows concerns that a future Trump administration's Department of Justice might investigate Jim's business dealings.

The relationship between Hunter and Jim Biden has drawn scrutiny, particularly regarding their joint business ventures in China and other international dealings. Emails from Hunter's laptop revealed their close connection, with Jim writing to Hunter about their shared experiences and challenges.

Dr. Anthony Fauci is another notable figure in the pardon speculation, with betting markets showing 14% odds of receiving presidential immunity. These odds reflect concerns about potential investigations into his congressional testimony regarding COVID-19 research funding and vaccine efficacy claims.

Meanwhile, Sean "Diddy" Combs, despite his Democratic Party connections, holds just 2% odds of receiving a pardon for his recent legal troubles involving racketeering and trafficking charges.

The betting activity intensified after Hunter Biden's pardon, which covers potential offenses from January 2014 through December 2024, and comes before his scheduled sentencing on gun and tax convictions.

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