Trump has exercised broad clemency authority in his second term, issuing blanket pardons for January 6 defendants on inauguration day and later grants covering allies such as Rudy Giuliani, Mark Meadows, Sidney Powell, and John Eastman tied to 2020 election challenges. As of September 2026, the administration has issued over 160 additional pardons and commutations, often through informal channels involving the White House pardon czar and connected advocates rather than standard DOJ review, with batches covering fraud, drug, and firearms cases. Recent developments include a September 3 grant of 30 clemencies and President Trump’s September 9 statement that he would consider a pardon for Michael Cohen following their public reconciliation. Trader odds on specific names reflect this pattern of prioritizing political supporters and personal connections while showing lower probabilities for unrelated high-profile figures. Midterm timing and any announced pauses in clemency could influence the pace of further actions before the end of 2026.