As you’ve probably heard by now, Donald Trump’s second term has proved extremely lucrative, and by lucrative, we mean the president of the United States made more than $2.2 billion last year alone. It has also been quite profitable for his adult sons, Don Jr. and Eric, whose investments have routinely benefited from federal-government intervention. Coincidentally, of course! For instance, there’s their crypto biz, which recently got the go-ahead from a wing of the Treasury Department to become a bank. Then there’s their investment in a company that won access to Kazakhstan’s tungsten reserves after their dad hammered out a deal with the country’s president last year. And in the case of Trump’s namesake, there’s the matter of the prediction markets.
Don Jr. is both an adviser to and an investor in Kalshi and Polymarket, and his dad’s position is that these platforms should effectively operate however they please, while he maintains the pretense that prediction markets are being policed by the federal government via the Commodity Futures Trading Commission.
That’s a view also held by Don Jr., which he reportedly shared with a group of state attorneys general last spring when he attended its three-day retreat in New Orleans, even though he’s a private businessman who definitely doesn’t involve himself in government matters. Per the New York Times:
