Trump has found a new way to make money
Trump companies are monetising the US President’s social media posts, selling early access to them for as much as $140000 a month.
Donald Trump has found a new way to make money.
Trump Media and Technology Group is monetising the US President’s social media posts, selling Wall Street firms early access to them for as much as $US100,000 ($A140,000) a month. And in the world of traders, a few milliseconds can mean millions of dollars.
Now, Trump is being sued over the arrangement, amid claims it gives paying customers preferential access to official presidential communications.
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At the same time, Trump Media is also moving into prediction markets – a fast-growing corner of finance that can turn political events into betting opportunities.
Today, Reuters journalist Anirban Sen, on the extraordinary collision of presidential power, private profit and a booming industry where almost anything can become a wager.
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