Despite prosecutor’s statement, odds favor Pavel Durov remaining in custody beyond initial 96-hour deadline.

Telegram CEO Pavel Durov, arrested in France over the weekend, could potentially be released by Wednesday according to French prosecutors. However, bettors on Polymarket are less optimistic about his swift release.

The prediction market shows a 72% chance of Durov being freed before October, with bettors favoring a release in September rather than August. This skepticism stems from the possibility of extended detention or formal charges if investigators uncover sufficient evidence during questioning.

Durov’s arrest is linked to an investigation into alleged crimes planned or broadcast on Telegram, including money laundering, drug trafficking, and child pornography. The CEO has not been formally charged yet, but the market’s sentiment suggests a growing belief that he may face charges.

The uncertainty surrounding Durov’s situation has impacted the cryptocurrency market, with Toncoin (TON) experiencing a 6.8% drop. As the legal process unfolds, the crypto community watches closely, with Polymarket bettors providing an interesting perspective on the potential outcomes.