Trump Downplays Prediction Markets as His Family Invests

“When a U.S. soldier was indicted on Thursday on charges of using classified information to place prediction market bets, it seemed to confirm President Trump’s lament just hours before that ‘the whole world unfortunately has become somewhat of a casino,'” the New York Times reports.

Said Trump: “I was never much in favor of it. I don’t like it conceptually. It is what it is. I’m not happy with any of that stuff.”

“Yet Mr. Trump and his family stand to profit from the very same industry.”

“The president’s publicly traded media company unveiled its own prediction market product last year. And the president’s eldest son, Donald Trump Jr., has ties to two of the industry’s top firms, including Polymarket, the platform that prosecutors say was used by the soldier for well-timed bets.”