While referring to the rebellious angels in general, this example shows that the chains that bind sinning angels are not their final judgment. A measure of judgment is involved, but note that Jude explains that the chains reserve them for the judgment of the great day. When Satan is bound, it certainly will be a punishing experience for him, but it will not be the punishment—it is not his final judgment. The Bible clearly states that Satan's judgment, written in advance, is to be burned (Ezekiel 28:18-19).

In Peter's parallel account, the apostle describes the false prophets who are manifestations of Satan's image: “By covetousness they will exploit you with deceptive words; for a long time their judgment has not been idle, and their destruction does not slumber” (II Peter 2:3). He writes about the false teachers and the spirit influences—including Satan—behind them. God has already handed down the verdict; He has determined their punishment and set the date.

In addition to being chained, Satan is also cast into the pit. He is totally immobilized, and moreover, he is shut up with a seal that restrains him from deceiving. He is completely powerless for a thousand years while he awaits the judgment of the great day.

The prophet Isaiah also foretells a future binding of spirit beings:

In that day the LORD will punish the powers in the heavens above and the kings on the earth below. They will be herded together like prisoners bound in a dungeon; they will be shut up in prison and be punished after many days. The moon will be dismayed, the sun ashamed; for the LORD Almighty will reign on Mount Zion and in Jerusalem, and before its elders—with great glory. (Isaiah 24:21-23, New International Version)

Verse 23 mentions the moon and sun being dismayed and ashamed, providing a time reference. Revelation 21:23 describes the New Jerusalem descending from heaven sometime after the Millennium. When it does, those in New Jerusalem have no need of the sun or the moon. Those magnificent heavenly lights are figuratively disgraced and ashamed by the superior light of God. Isaiah 24:23, then, corresponds to the time after the Millennium.

But before that, the “powers in the heavens and the kings on the earth” will be shut up for a long time and then punished. The “powers in the heavens” refers to demonic principalities, including Satan (see Romans 8:38; Ephesians 1:21; 3:10; 6:12; Colossians 1:16; 2:15; I Peter 3:22). The New Kings James Version calls them “the host of exalted ones.”

Isaiah then refers to “the kings on the earth.” However, those kings—mentioned in parallel with the “powers in the heavens”—do not have to be human. Scripture alludes to spiritual rulers throughout its pages: The king of Babylon (Isaiah 14:4), the king of Tyre (Ezekiel 28:12), and the princes of Persia (Daniel 10:13, 20) and Greece (Daniel 10:20) are a few examples.

These powers—these kings—will be shut up in prison, but their punishment does not come until “after many days” (Isaiah 24:22). (The word “days” is not restricted to 24-hour blocks of time; it can be used as a general marker of the passage of time.) Their binding serves as a prelude to their punishment.

Likewise, Satan's binding is not his actual punishment. Its primary purpose is to protect the nations from deception, and then his punishment follows. The prophets describe him as being gazed upon by men during his imprisonment (Isaiah 14:16; Ezekiel 28:17). At this time, he is not on trial but on display because God has already reached His verdict.

Psalm 2:2-3 speaks about the kings of the earth and the rulers, saying, “Let us break Their bonds in pieces and cast away Their cords from us.” The spirit rulers are chafing at their chains, causing the nations to rage. Yet when Christ returns, these powers and kings will be shut up in prison.