Firm backed by Trump sons tries to sell drone interceptors to Gulf states being attacked by Iran

Drone-maker backed by Eric Trump and Donald Trump Jr tries to win contracts with Gulf countries protected by US

“These countries are under enormous pressure to buy from the sons of the president so he will do what they want,” said Richard Painter, a former chief White House ethics lawyer under George W Bush. “This is going to be the first family of a president to make a lot of money off war – a war he didn’t get the consent of Congress for.”

https://www.theguardian.com/us-news/2026/apr/02/eric-trump-drones-gulf-states-iran?CMP=Share\_iOSApp\_Other

u/Sunshinehappyfeet — 3 months ago

A review of the betting market’s social media feeds found it has published hundreds of false and misleading posts.

https://www.nytimes.com/2026/03/20/technology/polymarket-social-feeds-falsehoods.html?unlocked\_article\_code=1.V1A.RoCQ.MSroQ4SQjHZF&smid=nytcore-ios-share

FYI: Donald Trump Jr. serves as a strategic advisor for Kalshi and is an advisory board member for Polymarket. His venture capital firm, 1789 Capital, made a "double-digit million" dollar investment in Polymarket in 2025.

In early 2026, several anonymous Polymarket accounts made massive profits by betting on the exact timing of U.S. military strikes in Iran and Venezuela.

The Trump-led Commodity Futures Trading Commission (CFTC), under Chairman Michael Selig, has aggressively supported these markets, arguing federal law preempts state gambling bans. Critics point out that the administration also shut down DOJ and CFTC investigations into Polymarket that were initiated during the Biden era.

u/Sunshinehappyfeet — 3 months ago

Top prediction market sites usher in new guardrails after senators introduced bill that could limit booming industry

https://www.theguardian.com/technology/2026/mar/24/kalshi-polymarket-insider-trading-regulation?CMP=Share\_iOSApp\_Other

Any friendly decision the CFTC makes on this industry could end up financially benefiting the president’s family as well. Donald Trump Jr, the president’s son, has invested in Polymarket through his venture capital firm and is a strategic adviser for Kalshi.

u/Sunshinehappyfeet — 3 months ago