This came across my Twitter feed and is super specific. Hard to imagine it's made up. I don't know if anyone actually doubts that there is massive insider trading and fraud going on in the White House right now, but if you do doubt it, well, you're too far gone to help anyway, I guess.
https://twitter.com/gothburz/status/2047148829917528134?s=20
Frequent large trades during times of market volatility is far from irregular. CFTC is investigating at least a couple of the "suspiciously" timed trades. I guess we'll see.
Definitely sketchy, but this shit has been going on forever. That being said, I hope someone investigates and nails the trader(s).
This part is what stood out most - what the fuck is the CFTC even doing?
The CFTC chair told a Congressional committee that his organization has "zero tolerance" for fraud and insider trading. I wrote that quote on a Post-it note and stuck it to my right monitor. The one that shows the investigation queue. The investigation queue has not moved since March. Zero tolerance. Zero staff. Zero budget. Zero prosecutions under the STOCK Act since it was signed in 2012. Fourteen years. The law has existed for fourteen years and has been enforced zero times. In compliance, we call that a compliance rate of one hundred percent. No cases filed means no cases lost. You cannot fail an audit you never conduct. We call that excellence.
Frequent large trades during times of market volatility is far from irregular.
Agreed, though depending on who it is making the trades and their access to inside info (such as extending a cease fire), there are still some red flags.
More concerning are large bets on polymarket for specific developments, such as when a cease fire will be agreed to, when those are made by insiders.
"You can't make someone listen to reason if they aren't willing to think"-- Ray Bradbury, Fahrenheit 451
More concerning are large bets on polymarket for specific developments, such as when a cease fire will be agreed to, when those are made by insiders.
I disagree with this. Polymarket, Kalshi, etc. are literally gambling. You can argue that stock picking is a form of gambling, but I'd make the case that is materially different. I don't really give a shit if some clown lost his money because he didn't think we would attack Iran or didn't think Kim Kardashian would have another sex tape released.
Betting on something like the day that Maduro would be removed from power is oddly specific.More concerning are large bets on polymarket for specific developments, such as when a cease fire will be agreed to, when those are made by insiders.
I disagree with this. Polymarket, Kalshi, etc. are literally gambling. You can argue that stock picking is a form of gambling, but I'd make the case that is materially different. I don't really give a shit if some clown lost his money because he didn't think we would attack Iran or didn't think Kim Kardashian would have another sex tape released.
Betting on something like the day that Maduro would be removed from power is oddly specific.More concerning are large bets on polymarket for specific developments, such as when a cease fire will be agreed to, when those are made by insiders.
I disagree with this. Polymarket, Kalshi, etc. are literally gambling. You can argue that stock picking is a form of gambling, but I'd make the case that is materially different. I don't really give a shit if some clown lost his money because he didn't think we would attack Iran or didn't think Kim Kardashian would have another sex tape released.
$56.6 million in bets were made on Polymarket across six different contracts related to Maduro’s removal. Your supposed smoking gun is one $32k bet.
Your Twitter doofus mentions one of the Trump sons being an investor in Polymarket as if that’s somehow relevant.
Are we supposed to believe this was orchestrated by the Trump sons to get that sweet, sweet $300 fee associated with a $32k wager?
The White House is a good start. Now let's expand it to the rest of the Executive Branch, the Legislative Branch, and the Judicial Branch.
I think if you're a gov't employee with access to info like this, your holdings should be in a blind trust and any additions to those holdings should be funds or ETFs only. Betting markets should be off the table too.
Hope is not optimism, which expects things to turn out well, but something rooted in the conviction that there is good worth working for. - Seamus Heaney, Irish poet and likely Hoosier basketball fan.
POTFB
More concerning are large bets on polymarket for specific developments, such as when a cease fire will be agreed to, when those are made by insiders.
I disagree with this. Polymarket, Kalshi, etc. are literally gambling. You can argue that stock picking is a form of gambling, but I'd make the case that is materially different. I don't really give a shit if some clown lost his money because he didn't think we would attack Iran or didn't think Kim Kardashian would have another sex tape released.
Betting on something that isn't public but you were told would happen is just as dirty.
At least in the movies, that is the type of crap that would get people murdered behind the casino.
I didn't mention Trump or his sons. Nor did the tweet I posted.Betting on something like the day that Maduro would be removed from power is oddly specific.More concerning are large bets on polymarket for specific developments, such as when a cease fire will be agreed to, when those are made by insiders.
I disagree with this. Polymarket, Kalshi, etc. are literally gambling. You can argue that stock picking is a form of gambling, but I'd make the case that is materially different. I don't really give a shit if some clown lost his money because he didn't think we would attack Iran or didn't think Kim Kardashian would have another sex tape released.
$56.6 million in bets were made on Polymarket across six different contracts related to Maduro’s removal. Your supposed smoking gun is one $32k bet.
Your Twitter doofus mentions one of the Trump sons being an investor in Polymarket as if that’s somehow relevant.
Are we supposed to believe this was orchestrated by the Trump sons to get that sweet, sweet $300 fee associated with a $32k wager?
I didn't mention Trump or his sons. Nor did the tweet I posted.Betting on something like the day that Maduro would be removed from power is oddly specific.More concerning are large bets on polymarket for specific developments, such as when a cease fire will be agreed to, when those are made by insiders.
I disagree with this. Polymarket, Kalshi, etc. are literally gambling. You can argue that stock picking is a form of gambling, but I'd make the case that is materially different. I don't really give a shit if some clown lost his money because he didn't think we would attack Iran or didn't think Kim Kardashian would have another sex tape released.
$56.6 million in bets were made on Polymarket across six different contracts related to Maduro’s removal. Your supposed smoking gun is one $32k bet.
Your Twitter doofus mentions one of the Trump sons being an investor in Polymarket as if that’s somehow relevant.
Are we supposed to believe this was orchestrated by the Trump sons to get that sweet, sweet $300 fee associated with a $32k wager?
Yes it did, did you not read it?
Of course it has. You can't tell that the Fed chair doesn't leak to someone what he's gonna say and pretty much knows what effect it will probably have on the market. Even if it doesn't benefit him personally he's probably made a lot of money for other people.Definitely sketchy, but this shit has been going on forever.
There are 10 types of people in this world, those who know binary and those who don't.
I don't really give a shit if some clown lost his money because he didn't think we would attack Iran
How about if (for example) Jared Kushner made tons of money betting on the timing of the Iran attack, after setting in on meetings to plan the attack?
"You can't make someone listen to reason if they aren't willing to think"-- Ray Bradbury, Fahrenheit 451
I don't really give a shit if some clown lost his money because he didn't think we would attack Iran
How about if (for example) Jared Kushner made tons of money betting on the timing of the Iran attack, after setting in on meetings to plan the attack?
They don't care because it is a conservative committing the deed. They love proving their hypocrisy.
These are the same people that were going ape shit over people buying Hunter Biden's art....which isn't anywhere near as bad as Trump (or someone in his orbit) leaking sensitive (likely classified) information to people so that they can gamble and make boat loads of cash on the intel.
Who cares about someone in the White House using classified info to make a few million here and there? It's not like they are wearing a tan suit or something SERIOUS like that.
"You can't make someone listen to reason if they aren't willing to think"-- Ray Bradbury, Fahrenheit 451