President Trump has exercised his constitutional clemency authority extensively during his second term, granting pardons and commutations to more than 1,700 individuals by mid-2026, including a large batch tied to January 6 cases early in the term and additional rounds in July and September. Recent actions include 30 grants announced in early September 2026 covering drug offenses, bribery convictions, and firearms cases, with some recipients linked to political allies or public figures. Trader sentiment on markets assessing further pardons by specific deadlines reflects this pattern of repeated use, alongside factors such as lobbying by pardon brokers, Senate resolutions on high-profile cases, and the administration's focus on loyalists or connected applicants. Scheduled announcements or procedural updates from the Pardon Attorney could influence near-term probabilities.