It’s never been easier to cheat at betting and investing.
Truth Social wants to charge investors for instant access to President Trump’s often market-moving posts. In a world where high-frequency traders capitalize on fractions of seconds, such a service would give an edge to those willing to pay Trump’s media company. Trump Media & Technology DJT 0.36% increase; up pointing triangle has been pitching trading firms on the service, which would send them posts from top accounts in real time. Trump has the largest following on Truth Social, with 12.9 million followers. Information in the president’s feed is considered confidential until those posts become publicly available. “That is information he doesn’t have the right to use for trading himself, or for tipping other people off and charging them a fee,” said Richard Painter, who was a top White House ethics lawyer in the George W. Bush administration. Spokespeople for Trump Media and the White House didn’t respond to questions about the new service. The president’s investment accounts are handled by third-party financial institutions, White House spokeswoman Anna Kelly has said, adding, “There are no conflicts of interest.” Caption from article Shradha Dinesh and James Benedict.
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