How many people will Trump pardon in Apr 2026?
Short Answer
1. Executive Verdict
- Trump's first term saw infrequent, backloaded pardon batches.
- Spring 2026 administration focus is on budget and defense policies.
- No high-profile pardon pressure points exist for April 2026.
- Releasing many pardons could distract from key legislative priorities.
- Kash Patel actively advocates for pardons for January 6 defendants.
- Historically, large pardon numbers concentrate at term's end.
Who Wins and Why
| Outcome | Market | Model | Why |
|---|---|---|---|
| 0 | 87.0% | 68.4% | Trump cannot issue pardons if he is not president in April 2026. |
| 10 to 14 | 2.9% | 2.1% | If president, Trump may issue a moderate number of pardons for allies or specific cases. |
| 3 to 9 | 9.4% | 7.2% | A few pardons are possible if Trump is president but not in the final phase of his term. |
| Above 24 | 6.4% | 4.6% | A high number of pardons is unlikely in mid-term, typically occurring at the end of a presidency. |
| 15 to 19 | 10.0% | 7.1% | This number of pardons is plausible if Trump is president and pardons political allies. |
2. Market Behavior & Price Dynamics
Historical Price (Probability)
3. Significant Price Movements
Notable price changes detected in the chart, along with research into what caused each movement.
Outcome: 0
📈 April 25, 2026: 10.0pp spike
Price increased from 71.0% to 81.0%
Outcome: 3 to 9
📈 April 22, 2026: 11.0pp spike
Price increased from 2.0% to 13.0%
📉 April 21, 2026: 16.8pp drop
Price decreased from 18.0% to 1.2%
4. Market Data
Contract Snapshot
The market resolves to YES if the President pardons, commutes the sentence of, or gives reprieve to exactly 0 persons between the market's issuance and May 1, 2026; otherwise, it resolves to NO. The market opens on April 1, 2026, and will close early if the event occurs, or by May 1, 2026, at 10:00am EDT. Trading is prohibited for individuals employed by the designated source agencies or those possessing material, non-public information regarding the underlying event.
Available Contracts
Market options and current pricing
| Outcome bucket | Yes (price) | No (price) | Last trade probability |
|---|---|---|---|
| 0 | $0.94 | $0.14 | 87% |
| 15 to 19 | $0.06 | $1.00 | 10% |
| 3 to 9 | $0.07 | $0.99 | 9% |
| Above 24 | $0.05 | $1.00 | 6% |
| 1 | $0.05 | $1.00 | 5% |
| 2 | $0.05 | $1.00 | 5% |
| 10 to 14 | $0.03 | $1.00 | 3% |
| 20 to 24 | $0.05 | $1.00 | 0% |
Market Discussion
Limited public discussion available for this market.
5. What Were Donald Trump's Pardon Patterns in His First Term?
6. Are Trump Allies Facing Pardon Pressure from April 2026 Legal Deadlines?
| Steve Bannon Case Status | Dismissal cleared by U.S. Supreme Court (April 2026) [^] |
|---|---|
| Other Allies' April 2026 Deadlines | No federal sentencing or appeal deadlines indicated [^] |
| DOJ Activities | Paying out allies and undermining investigations (April 25, 2026) [^] |
7. What is Kash Patel's role in potential presidential pardons?
| Key Pardons Gatekeeper | Kash Patel [^] |
|---|---|
| Primary Beneficiaries Advocated | January 6 defendants / "political prisoners" [^] |
| Patel's Operational Initiative | Building "shadow transition team" for pardon cases [^] |
8. What are the administration's key priorities for Spring 2026?
| FY2026 Budget Proposal Focus | Massive increase in defense spending; cuts to housing, social services, and health care [^] |
|---|---|
| 2026 National Defense Strategy Release | January 2026 [^] |
| FY2026 Funding Request Release | April 2026 [^] |
9. What was the shortest lag between Trump's rhetoric and pardons?
| Shortest Pardon Lag Time | 3 days (for Joe Arpaio) [^] |
|---|---|
| Total Pardons Granted | 237 pardons [^] |
| Total Commutations Granted | 78 commutations [^] |
10. What Could Change the Odds
Key Catalysts
Key Dates & Catalysts
- Expiration: May 01, 2026
- Closes: May 01, 2026
11. Decision-Flipping Events
- Trigger: Catalyst analysis unavailable.
13. Historical Resolutions
Historical Resolutions: 13 markets in this series
Outcomes: 2 resolved YES, 11 resolved NO
Recent resolutions:
- KXPARDONSTRUMP-26MAR-6: NO (Apr 01, 2026)
- KXPARDONSTRUMP-26MAR-24: NO (Apr 01, 2026)
- KXPARDONSTRUMP-26MAR-22: NO (Apr 01, 2026)
- KXPARDONSTRUMP-26MAR-2: NO (Apr 01, 2026)
- KXPARDONSTRUMP-26MAR-17: NO (Apr 01, 2026)
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