Drunk from war profits on everything from crypto to drones, Trump’s team of kleptocrats has no idea how to end their failed Iran War.
Drunk from war profits on everything from crypto to drones, Trump’s team of kleptocrats has no idea how to end their failed Iran War. Vice President JD Vance, right, speaks during a news conference in Islamabad, Pakistan Sunday after meeting with representatives from Pakistan and Iran.
Jared Kushner, left, and Steve Witkoff listen., the popular and controversial prediction market, where as of Sunday morning more than $1.9 million had been bet on the timing of a permanent deal between the two warring nations, with odds of an agreement by May 31 plunging overnight from 46% to as low as 28%. Presumably, whoever scores big here on the world’s failure to give peace a chance will plow those profits right back into betting on when and where the next Tomahawk missiles will fall and which Iranian leaders —about the growing insanity of prediction markets like Polymarket or Kalshi that increasingly handle wagers on life-or-death geopolitical events, like war in Iran or Ukraine, found that $280 million was bet on last week’s ceasefire between Washington and Tehran, amid mounting suspicion that some players might have inside governmental information.was threatening a genocide that would wipe out Iranian civilization, 50 new Polymarket accounts placed substantial bets instead on a ceasefire, just minutes before it was announced. It was just the latest example ofAt least we can feel completely confident that no one in the Trump White House was cashing in on the boss’s death threats. That’s because last week the president’s staff wasnot to do this, telling them that “the misuse of nonpublic information by government employees for financial benefit is a very serious offense and will not be tolerated.” “LOL,” the memo writers should have added. I was, of course, being sarcastic in the prior paragraph; we actually have no way of knowing whether any Trump aides are placing bets or leaking advance news to close friends, and in a more serious nation a full-scale criminal investigation into these dubious bets would be well underway. I don’t gamble, but if Polymarket was taking wagers on “Has there been insider trading on the Iran War,” I’d bet my meager life’s savings. Trump’s military misadventuresand Iran are the first completely kleptocratic wars in America’s 250-year history, where literally everyone is cashing in one way or another, and there are no honest brokers working for the public interest, let alone world peace.Why, for example, has Pakistan warmed so much to Trump World, to the point where the South Asian nation has become anbetween Pakistan’s finance minister and World Liberty Financial , the crypto venture headed by Zack Witkoff, the son of America’s inexperienced top negotiator, and heavily owned by the Trump family. Under the unusual arrangement, Pakistan is using WLF’s stablecoin for cross-border transactions. Yet Witkoff’s co-negotiator — Kushner, the presidential son-in-law — is arguably even more financially compromised, After forging close ties with Middle Eastern dictators during his father-in-law’s first term, Kushner struck gold when a Saudi Arabian government fund directed by his friend,At least Vance is morally and economically uncompromised, right? Well...yes and no. The vice president’s unlikely political rise has beenof the leading defense-tech contractor Palantir, Peter Thiel. It was Thiel who met Vance at Yale Law School and gave him his first job, invested in Vance’s venture-capital fund, and pumped as much as $15 million into his Ohio Senate win.to the Pentagon’s war plans, with its Maven Smart System powered by artificial intelligence making the decisions about who lives or dies when American bombs fall on Iran. During his 21-hour talks with Iran this weekend, was Vance working for the American people, who haveThe fate of the Earth depends on removing Trump from the White House ASAP | Will Bunch The answer to that alarming question may have come last week from the president himself, who took the extremely unusual step of boosting Vance’s favorite tech giant — whose stock has fallen because of broader Wall Street fears about software profits in the AI era —Trump seemed to erase any doubts about America’s transition from flawed democracy to naked kleptocracy by including the firm’s PLTR ticker symbol, and indeed Does Palantir want the now-fractured negotiations between the United States and Iran to resume? Does the Trump family? We learned recently that a Florida-based drone manufacturer called Powerus, backed by Eric and Donald Trump Jr., is trying toto Persian Gulf countries to defend themselves from Iranian attacks that came with the war that the Trumps’ dad started.It takes more effort to find someone in Trump’s orbit who’s not profiting off death and destruction than the many who are, or hope to. What about “War Secretary” Pete Hegseth, whose stock broker — according toIt’s no secret that pretty much anything and everything in Trump’s orbit is, in the infamous words of Steve Martin inoff plans for the squalid warehousing of detained immigrants is unconscionable. Making money off a war that’s already killed a couple thousand civilians in Iran and Lebanon ought to be beyond unthinkable. Look, we truly don’t know what’s happening inside Trump’s rapidly deteriorating brain. His real reasons for this ill-advised war thata reason — why government officials were instructed to avoid even the seeming appearance of a conflict of interest. We don’t know what was on the mind of the American delegation during those 21 hours in Islamabad. Were they only thinking about ending the bloodshed and the economic disruption, or were they also checking in with their broker and texting updates to their Kalshi buddies back home?, many of them with Ph.D. degrees and some expertise in diplomacy. America’s delegation was five real-estate developers and venture-capital dudes who were shocked when the Iranians didn’t succumb to theirretake the House and possibly the Senate in January, and perhaps reclaim the Justice Department in 2029, there will be many subpoenas for U.S. war profiteers, and a lot of explaining to do. Will some folks go to prison for a long time? You could bet on it, but please 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