**President Isaac Herzog has shown no inclination to grant Benjamin Netanyahu a pre-conviction pardon in his ongoing corruption trial, consistent with standard Israeli clemency practice that typically requires a conviction, admission of guilt, or resignation.** Netanyahu formally requested clemency in late 2025, but the Justice Ministry’s Pardons Department earlier advised against it, citing the absence of remorse and the precedent of halting active proceedings. Recent testimony by former Attorney General Avichai Mandelblit in October 2026 prompted Knesset Speaker Amir Ohana to urge Herzog to act, highlighting alleged investigative issues. However, this political appeal lacks formal legal weight and has not shifted the president’s cautious approach amid coalition dynamics and institutional norms. Prediction markets reflect trader consensus on these barriers, pricing a pardon by late 2026 at low single-digit to low-teens probabilities. Key upcoming factors include continued trial proceedings and any further political or legal developments that could influence Herzog’s review.