Tag: donald trump
'Corruption': Trump's Support Of Prediction Markets Protects Family Investments

'Corruption': Trump's Support Of Prediction Markets Protects Family Investments

Critics attacked President Donald Trump's newest move against states as a "war" against betting market regulations meant to help enrich his family's business interests, with one activist stating bluntly, "This is what corruption looks like."

According to a Thursday report from the Popular Information substack, Arizona, Connecticut and Illinois have launched lawsuits against "prediction market" platforms Kalshi, Polymarket, Crypto.com, and Robinhood, alleging that they have worked to "circumvent state laws" in order to run "illegal gambling sites." As these services have exploded in popularity, critics have accused them of turning a wide range of random circumstances into opportunities for betting, as well as offering betting opportunities on things like sporting events that critics say are indistinguishable from real gambling altogether.

In response to these state-level efforts to rein in these platforms, Trump's Commodity Futures Trading Commission filed counter lawsuits, arguing that the services those sites offer "are distinct from traditional gambling." That is the same line of argument the platforms themselves have put forward as they have attempted to avoid being regulated or outright banned under traditional gambling laws.

As Popular Information laid out in detail, Trump has extensive connections to these platforms, owning the largest share of the Trump Media & Technology Group, which in turn does significant business with Crypto.com. Trump's son, Donald Trump Jr., is also "deeply enmeshed" in the industry, serving as an advisor for both Kalshi and Polymarket. And it does not stop there.

"Many of Trump’s political allies also have connections to the prediction market industry," the report elaborated. "Trump-supporting billionaire Peter Thiel, for example, has helped raise millions in funding for Polymarket. Paradigm, an investment firm, and venture capital firm Andreessen Horowitz also participated in a funding round for Kalshi. Paradigm donated $1 million to Trump’s inaugural fund. Andreessen Horowitz co-founders Marc Andreessen and Ben Horowitz both donated millions to a super PAC supporting Trump’s 2024 campaign, and Trump recently appointed Andreessen to his 'President’s Council of Advisors on Science and Technology.'"

Melanie D'Arrigo is executive director for the New York Health Campaign, which advocates for universal single-payer healthcare, and has co-founded non-profits involved with the LGBTQ community. Sharing a link to the report on X Thursday, she was unsparing in her appraisal of the corruption at play with the CFTC's lawsuits.

"Donald Trump Jr. is a paid strategic advisor for Kalshi," D'Arrigo wrote. "Trump Jr. is a major investor and advisor for Polymarket. Trump Media has a $6.5 billion+ investment and partnership with Crypto.com. Robinhood runs the Trump Accounts. The Trump administration is blocking states from suing them. This is what corruption looks like."

Reprinted with permission from Alternet

Kevin Warsh

Warsh's Answer About The 2020 Election Disqualified Him As Fed Chairman

I’ve been on the road, so I didn’t have time to post yesterday. But I did want to quickly comment on a news item I saw. On Tuesday, Democrats on the Senate Banking Committee asked Kevin Warsh, Trump’s nominee for Fed chair: “Who won the 2020 presidential election?”

Several commentators referred to this as a political question. Sorry, but there is nothing political about this question. It is a simple factual question, like adding together 2+2.

There is no ambiguity about who won the 2020 election. Biden won by more than seven million votes, a landslide in Trumpian terminology. (Trump routinely calls his 2024 victory a “landslide.” Biden’s margin was more than three times as large.)

Trump may be unable to acknowledge his loss, but his whining does not change reality. The simple fact is that Biden won in 2020, by a lot, and everyone knows this. There is no set of facts about the vote totals in dispute.

Trump’s yelling about some unidentifiable “fraud” changes nothing. He has had more than five years to produce evidence in court to prove that the numbers were not counted accurately or that there were millions of fraudulent votes. He has produced nothing. No serious person can question the 2020 results based on the Trump complaints.

The question for Warsh was simply whether he could say something that he knows to be true, when it will cause Trump to get angry. That is a perfect test of his ability to be an independent Fed chair.

Warsh gave a clear answer. He will do what Trump wants him to do, even when that means making a fool of himself in front of the whole country. This is not someone who should be Fed chair.

Dean Baker is a senior economist at the Center for Economic and Policy Research and the author of the 2016 book Rigged: How Globalization and the Rules of the Modern Economy Were Structured to Make the Rich Richer. Please consider subscribing to his Substack.

Reprinted with permission from Dean Baker.

Iran War: Ceasefire Deadlines May Come And Go, But TACO Is Forever

Iran War: Ceasefire Deadlines May Come And Go, But TACO Is Forever

Wednesday is the big day when President Donald Trump’s two-week shambles of a ceasefire deal with Iran was supposed to expire. And as you can expect, the administration moved with all due haste to ensure that this needless war gets resolved.

Okay, that’s a lie—and we all know it. Instead, Trump dragged his feet, issuing threats that he wouldn’t extend the ceasefire and declaring on social media that “Iran has Violated the Cease Fire numerous times!”

Then, after puffing out his chest all day, he decided late Tuesday to extend that ceasefire indefinitely for reasons only known to him.

Turns out Trump didn’t need our lead negotiator, the absolutely hapless and congenitally unlikeable Vice President JD Vance, to have anything to do with this triumph of peacemaking. Yes, Vance was apparently no longer allowed to go to Islamabad for peace talks with Iran.

Yep, Vance’s wings got clipped. Do you think people figured out how incredibly off-putting he is and thought things might just get worse if we sent him?

Things disintegrated for ol’ JD pretty quickly Tuesday. At first, the Washington Post reported that the U.S. delegation was delayed because it had to stick around for “additional policy meetings.”

Imagine pretending that there’s any policy or strategy at work here whatsoever, much less one that requires additional meetings. But within the hour, we learned that Vance’s trip was entirely off—ostensibly because Tehran hadn’t responded to any U.S. offers.

We also really had no idea what the status of the Iranian delegation actually was. The New York Times had reported that senior Iranian officials were already planning to travel to Islamabad to attend talks with Vance. But that was followed by The Associated Press reporting that Iran hadn’t decided whether it would attend at all.

Meanwhile, even as Trump was saying that it was “highly unlikely” that the ceasefire would be extended, he was apparently negotiating to extend the ceasefire. Or he extended it unilaterally, based on vibes. Either way, Vance was once again ghosted from the whole process.

It’s good that Trump didn’t wait until the very last minute here, given that there didn’t even seem to be an agreement about when, exactly, the ceasefire would have expired. Trump said that the deadline was Wednesday evening Eastern time, but a Pakistani official said that it would expire Wednesday morning at 4:50 local time, which is 7:50 PM on Tuesday Eastern Time.

Sure glad we worked through that minor misunderstanding!

Meanwhile, Vance is either cooling his heels, flushed with relief that he didn’t have to go. Or he’s getting over the adrenaline rush of pumping himself up, telling himself that once they turn him loose, it’s over for those suckers.

Oh, wait. Remember the last time we sent Vance to negotiate, he lasted a marathon 21 hours before throwing up his hands and going home?

To be fair to Vance, it isn’t like Trump really seems to have a negotiation strategy—it’s just threats and ever-shifting demands. Vance should feel lucky to be sent to his room on this one while Trump pulled a TACO yet again.

:Lucky break, JD.

Reprinted with permission from Daily Kos


Karma Comes For Alex Jones, On The Verge Of Losing His Evil Media Empire

Karma Comes For Alex Jones, On The Verge Of Losing His Evil Media Empire

Still reeling from a verbal dressing-down from President Donald Trump that was heard around the world, conspiracy theorist and right-wing podcaster Alex Jones has reached a new level of public humiliation.

On Monday, The Onion announced that its deal to take over Jones’ infamous Infowars is near completion.

The Onion entered into an agreement with Gregory Milligan, who was appointed by a bankruptcy court to manage Infowars, to turn it into a satirical website and media property. Courts still have to approve the final deal, so it will remain in Jones’ hands until then.

The original deal was first announced in 2024 but has been in a state of limbo following objections from Jones and his allies.

“There is a moment in your life where you see a bunch of evil shit happening, and you have a chance to stop something that is particularly egregious. And if you walk away from it, I just don’t know why you’re alive,” The Onion CEO Ben Collins told podcaster Pablo Torre during a discussion of his decision to buy Infowars on Monday.

Jones lost control of his brand after the families of victims of the Sandy Hook Elementary School mass shooting triumphed in a defamation case against him. Jones had pushed false theories about the shooting, including lies that it was a “false flag” operation. The families were awarded nearly $1 billion, and Jones’ company declared bankruptcy.

The Onion said it has hired comedian Tim Heidecker to serve as creative director for the new Infowars site. And in its first video teasing the new venture, the tone is clearly a satirical take on Jones’ absurdist conspiracy rantings.

https://www.theonion.info/

[image or embed]
— The Onion (@theonion.com) April 20, 2026 at 1:03 PM

“I just thought it would be just a beautiful joke if we could take this pretty toxic, negative, destructive force of Infowars and rebrand it as this beautiful place for our creativity,” Heidecker told The New York Times.

Jones first became a well-known figure by arguing that 9/11 was a plot by the federal government, and he went viral years ago for claiming that chemicals were added to drinking water to “turn frogs gay.”

Earlier this month, Trump referred to Jones as one of the “nut jobs” in the right-wing media world. Trump has been feuding with media figures—who were once loyal allies—after they criticized his war in Iran.

In the past, Jones has described Trump as a figure chosen by God to lead the United States, and he has consistently been among the biggest Trump apologists.
Jones has profited handsomely from his disinformation, raking in millions while promoting racism, sexism, and homophobia. But in the last few years, he’s paid a karmic price—and the hits just keep on coming.

Reprinted with permission from Daily Kos


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