Telegram CEO Pavel Durov Could be Free by October, Polymarket Bettors

A press release from French prosecutors said he could be released Wednesday, but the market isn't confident he'll be out by then.

Telegram CEO Pavel Durov could be released from custody as soon as Wednesday, according to a press release from French prosecutors. However, Polymarket bettors are betting on a later release, with shares indicating a 72% chance of his release before October.

Durov, who has yet to be formally charged, is being questioned by investigators over crimes that were allegedly planned or broadcasted on Telegram, including money laundering, drug trafficking, child pornography, and non-cooperation with law enforcement.

According to the press release, investigators have until Wednesday to question Durov before deciding whether to extend his detention or charge him and move him to pre-trial detention. If bettors are correct in their predictions, Durov will be released before the initial deadline.

Meanwhile, markets are also keeping an eye on the price of toncoin (TON), which is trading down 6.8% over the last 24 hours to $5.38. At the same time, the CoinDesk 20 (CD20) a measure of the largest digital assets, is down 1.87%.

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