New Levels of Corruption Feared as Trump Family Adds Gambling Business Atop of Crypto Grift: “The White House is a full-time, 24/7 corruption machine,” said Sen. Chris Murphy.

Snippets:

* President Donald Trump’s family has long generated controversy and criticism for running a cryptocurrency business during his second term in office, and now they’re adding an online betting business to their portfolio.
* The *Financial Times* on Tuesday [reported](https://www.ft.com/content/485594b3-5a72-4ae1-aa93-8ee987be1569) that the president’s Truth Social platform is getting into the prediction market business to allow bettors to place wagers on the outcomes of elections, sports games, and other events.
* The new “Truth Predict” betting market platform will be a partnership between the Trump [Media](https://www.commondreams.org/tag/media) and [Technology](https://www.commondreams.org/tag/technology) Group and [Crypto.com](http://Crypto.com), a cryoptocurrency trading platform that in the past has donated millions to Trump causes.
* According to the *Financial Times*, the Trump family in recent months has become more intertwined with the online betting industry, as [Donald Trump](https://www.commondreams.org/tag/donald-trump) Jr. has taken on “advisory roles at the two industry-leading prediction market companies, Kalshi and Polymarket.”
* Additionally, Trump Jr.’s venture capital firm has invested in Polymarket, which *Wired* [reports](https://www.wired.com/story/trump-truth-social-launches-prediction-market/) has not operated in the US since 2022 when it reached an agreement with the Commodities and Futures Trading Commission to settle allegations that it operated an unregistered derivatives trading market.
* **Mike Masnick, a journalist at** ***Techdirt*****, pointed out the glaring conflict of interest posed by the most powerful person in the world owning his own prediction market platform.**
* **“So the company the president currently owns is teaming up with a cryptocurrency company to create a prediction market, which will take bets… on things the president himself has quite a lot of control over?” he** [**wrote**](https://bsky.app/profile/mmasnick.bsky.social/post/3m4cktnzyi22z) **in a post on Bluesky. “Gosh, I’m sure nothing bad will happen.”**
* The Trump family’s entrance into the online betting market came on the same day that *Reuters* [published](https://www.reuters.com/investigations/inside-trump-familys-global-crypto-cash-machine-2025-10-28/) an extensive report showing how the Trump family has used its cryptocurrency business to generate a massive increase in wealth in a matter of mere months.
* According to *Reuters’* calculations, “the Trump Organization’s income soared 17-fold to $864 million from $51 million a year earlier,” with more than 90% of this income coming from the Trump-backed cryptocurrency venture. *Reuters* also reported that the $800 million is just the actual income the Trump Organization has taken in so far, and that it has billions more in unrealized gains from the crypto venture.

but freakin’ Hunter…. MAGA is a joke.

The Grifter in Chief!

These Nazi Aparatchiks would be wise to flee while the DoJ is compromised. In time, & after a lot of investigations, every dime will be confiscated & former billionaires may well be left staring at their cell walls in a holding pattern for death.

SMH. Third party and protest voters, The Trumps couldn’t have done it without you. SMH.

This Truth Predict thing is absolutely bonkers.

They can literally have people bet on things they can fix themselves as actors involved in the bet.

Transactional Trump, everything is a grift to him, his family and his inner circle.