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stabby_cicada@slrpnk.net to A Boring Dystopia@lemmy.world ·
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4 days ago

We now have online casinos with corrupt backdoor ties to the Trump family letting people bet on the actions of the Trump family. It's not insider trading anymore. It's just the house's cut

slrpnk.net

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We now have online casinos with corrupt backdoor ties to the Trump family letting people bet on the actions of the Trump family. It's not insider trading anymore. It's just the house's cut

slrpnk.net

stabby_cicada@slrpnk.net to A Boring Dystopia@lemmy.world ·
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4 days ago
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    4 days ago

    The online stuff uses anonymous throwaway accounts

    In that case, how do we know this particular insider is 16/16 and $170m up?

    • stabby_cicada@slrpnk.netOP
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      4 days ago

      I had a theory about multiple accounts being connected to the same person and how they’d use that to hide their insider trading, but I did some digging, and in this case the trader is a single anonymous account which has a pattern of making winning bets - 16 of them - based on things Trump does:

      https://www.binance.com/en/square/post/309527584561937

      https://x.com/Mrminick_/status/2041170962368844105

      So, yeah, you could make money by following this account and doing what it does, presuming you knew it had insider information, and presuming it doesn’t shut down now that people know it has insider information. After all, you want people to bet against you, and nobody wants to bet against the person with insider info, right?

      Also, here’s an article with examples of apparent insider trading on oil futures, and explaining some of the ways multiple accounts can be connected to the same (anonymous) people:

      https://www.msn.com/en-us/money/markets/insider-trading-claims-after-stock-and-oil-futures-surged-minutes-before-trump-s-iran-post

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