EASY LISTENING DEP’T.: Bloomberg is reporting that Trump Media, the social media company owned by President Trump, the single person with the greatest power to personally cause events to happen in the world is going to start selling gambling contracts on prediction markets. “Trump Media and Technology Group Corp.” Bloomberg writes “plans to make prediction contracts available on its truth social network, allowing users to bet on events ranging from political elections to inflation rate changes, according to a statement on Tuesday.” Not sure that range of two different aggregates of public behavior is a real range. But with Donald Trump making drastic policy changes that affect consumer prices, while also exerting pressure on the people who report economic data, the opportunities for trading on insider information seem abundant.
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