French prosecutors said Durov, the founder and CEO of Telegram, could be released as early as Wednesday local time. However, Polymarket is not sure he will be released in August, and some users are betting that he will be released before the end of September.
Prosecutors said Durov has not yet been formally charged. Instead, his detention is part of an investigation that stems from crimes allegedly planned or spread on Telegram, including money laundering, drug trafficking, child pornography and non-cooperation with law enforcement.
The press release noted that if investigators find enough evidence during the interrogation, Durov's detention may be extended, or he may be formally charged and transferred to pretrial detention. This possibility may increase market doubts about whether he can be released before the initial deadline. (Coindesk)