President Biden is expected to consider pardoning Sam Bankman-Fried (SBF) before the start of his next presidential inauguration. The pardon would need to be issued by Biden within his first term and could take various forms, including a pardon, commutation, or reprieve. A resolution to "Yes" would require official information from the US government, while a consensus of credible reporting would also contribute to the market's outcome. If conditions become impossible for a federal pardon or similar action within the specified timeframe, the market would resolve to "No". The primary focus is on whether Biden will take any formal action that could be seen as a pardon or reprieve before the next presidential inauguration starts.