"If you had to point to one reason [crypto prediction markets] are able to come back to the US, you have to point to the Trump administration,"
"Donald Trump. I mean, that's it."
"No one is saying members of the president's family cannot engage in normal capitalist activities in a capitalist country. But Polymarket is the subject of heated political controversy. As such, the investment reflects a significant conflict of interest-and an avoidable one."
"Neither the president nor his family have ever engaged, or will ever engage, in conflicts of interest,"
The Trump family holds financial stakes in prediction-market platforms through Donald Trump Jr.'s advisory role at Kalshi and his partnership at venture firm 1789 Capital, which invested in Polymarket and placed him on Polymarket's advisory board. Critics allege those ties could create opportunities for the family to profit from policy changes enacted by the Trump administration, constituting potential conflicts of interest. Supporters contend normal capitalist activity is permissible, while the White House denies any conflicts. Polymarket, TMTG, and 1789 Capital did not respond to requests for comment. The launch of Truth Predict could set up competition between different Trump-linked ventures.
Read at WIRED
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