Trump Family Grifts Thrive as Industry Oversight Collapses
The Commodity Futures Trading Commission (CFTC) is reportedly dismantling its regulatory efforts concerning online betting and cryptocurrency markets, a development coinciding with deepening ties between the Trump family and these burgeoning industries. The Trump family’s financial interests have significantly expanded through crypto and prediction markets, with Donald Trump Jr. holding advisory and investment roles in prominent firms like Polymarket and Kalshi. Simultaneously, the CFTC has seen a dramatic reduction in enforcement actions and significant staff changes, leading to concerns that political influence is undermining the agency’s oversight functions for the benefit of politically connected entities.
John Q. Hosedrinker