Donald Trump has found a new way to make money. Trump Media and Technology Group is monetising the president’s social media posts, selling Wall Street firms early access to them for as much as $100,000 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.

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.

 

If you enjoy 7am, the best way you can support us is by making a contribution at 7ampodcast.com.au/support.

 

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Guest: Reuters journalist, Anirban Sen

Photo: AP Photo/Evan Vucci

Donald Trump has found a new way to make money. Trump Media and Technology Group is monetising the president&rsquo;s social media posts, selling Wall Street firms early access to them for as much as $100,000 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.
At the same time, Trump Media is also moving into prediction markets &ndash; a fast-growing corner of finance that can turn political events into betting opportunities.&nbsp;
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.
&nbsp;
If you enjoy 7am, the best way you can support us is by making a contribution at <a href="http://7ampodcast.com.au/support">7ampodcast.com.au/support</a>.
&nbsp;
Socials: Stay in touch with us on <a href="http://www.instagram.com/7ampodcast">Instagram</a>
Guest: Reuters journalist, Anirban Sen
Photo:&nbsp;AP Photo/Evan Vucci

An independent daily news show. We feature the country’s best reporters, covering the news as it affects Australia. This is news with narrative, every weekday.

An independent daily news show. We feature the country&rsquo;s best reporters, covering the news as it affects Australia. This is news with narrative, every weekday.

The $100,000-a-month market for Trump’s posts

https://api.omny.fm/orgs/2fb3740d-3436-44af-8cc0-a91900716aa5/clips/d09b7417-f284-4ebc-a650-b4ad0058cc45/transcript

Last year, the company that ran Australia’s immigration detention network for over a decade, British conglomerate Serco, lost its contract, but not before helping build what’s been called one of the world’s ‘most extreme and secretive’ detention regimes.

The question at the time was whether its replacement – American private prison operator MTC – would be any better.

Eighteen months later, we have an answer. Recorded incidents across the detention network have more than doubled – from almost 800 to over 1,600 – since MTC took over.

At the same time, Australia’s offshore detention system on Nauru is expanding – hundreds more people are being transferred to the island, and the Albanese government has announced plans to expand immigration detention as part of its crackdown on visa overstayers.

Today, journalist Denham Sadler on the private companies paid billions to run Australia’s immigration detention system – and the warnings that were there before MTC took over.

This episode was originally published in January, 2025.

 

If you enjoy 7am, the best way you can support us is by making a contribution at 7ampodcast.com.au/support.

 

Socials:Stay in touch with us on Instagram

Guest: Journalist Denham Sadler

Photo: AP Photo/Rick Rycroft

Last year, the company that ran Australia&rsquo;s immigration detention network for over a decade, British conglomerate Serco, lost its contract, but not before helping build what&rsquo;s been called one of the world&rsquo;s &lsquo;most extreme and secretive&rsquo; detention regimes.
The question at the time was whether its replacement &ndash; American private prison operator MTC &ndash; would be any better.
Eighteen months later, we have an answer. Recorded incidents across the detention network have more than doubled &ndash; from almost 800 to over 1,600 &ndash; since MTC took over.
At the same time, Australia&rsquo;s offshore detention system on Nauru is expanding &ndash; hundreds more people are being transferred to the island, and the Albanese government has announced plans to expand immigration detention as part of its crackdown on visa overstayers.
Today, journalist Denham Sadler on the private companies paid billions to run Australia&rsquo;s immigration detention system &ndash; and the warnings that were there before MTC took over.
This episode was originally published in January, 2025.
&nbsp;
If you enjoy 7am, the best way you can support us is by making a contribution at <a href="http://7ampodcast.com.au/support">7ampodcast.com.au/support</a>.
&nbsp;
Socials: Stay in touch with us on <a href="http://www.instagram.com/7ampodcast">Instagram</a>
Guest: Journalist Denham Sadler
Photo:&nbsp;AP Photo/Rick Rycroft

Serco’s ugly legacy in Australia’s immigration detention system

https://api.omny.fm/orgs/2fb3740d-3436-44af-8cc0-a91900716aa5/clips/746a8a7d-43b4-4efe-8d8a-b4c9004bf29f/transcript

Migration is shaping up to be the next big battleground in federal politics as Labor desperately tries to wrestle back control of the narrative from One Nation.

But does this week’s long-awaited plan leave the government stronger or weaker politically?

And could going harder on Pauline Hanson hold the key to tackling One Nation? This week, the major parties gave it a try as some of Hanson’s nasty comments came back to bite her.

Today, Contributing Editor at The New Daily, Amy Remeikis on immigration politics and whether some things are off limits, even for Pauline Hanson.

 

If you enjoy 7am, the best way you can support us is by making a contribution at 7ampodcast.com.au/support.

 

Socials:Stay in touch with us on Instagram

Guest: Contributing Editor at The New Daily, Amy Remeikis

Photo: AAP Image/Dean Lewins

Migration is shaping up to be the next big battleground in federal politics as Labor desperately tries to wrestle back control of the narrative from One Nation.
But does this week&rsquo;s long-awaited plan leave the government stronger or weaker politically?
And could going harder on Pauline Hanson hold the key to tackling One Nation? This week, the major parties gave it a try as some of Hanson&rsquo;s nasty comments came back to bite her.
Today, Contributing Editor at The New Daily, Amy Remeikis on immigration politics and whether some things are off limits, even for Pauline Hanson.
&nbsp;
If you enjoy 7am, the best way you can support us is by making a contribution at <a href="http://7ampodcast.com.au/support">7ampodcast.com.au/support</a>.
&nbsp;
Socials: Stay in touch with us on <a href="http://www.instagram.com/7ampodcast">Instagram</a>
Guest: Contributing Editor at The New Daily, Amy Remeikis
Photo:&nbsp;AAP Image/Dean Lewins

Albo’s mum and “primitive” first Australians: has Pauline finally gone too far?

https://api.omny.fm/orgs/2fb3740d-3436-44af-8cc0-a91900716aa5/clips/7faef132-0a35-4ee0-99ca-b4c90047d11d/transcript

After one false start and a hell of a lot of political pressure from the right, Labor has finally unveiled its long-awaited immigration plans.

Backpackers, students and visa overstayers will all be targeted by the measures – designed to bring net overseas migration down from around 300 thousand, to 225 thousand by 2028.

So what impact will the overhaul have on our economy, our communities, and on Labor’s re-election prospects? 

Today, journalist Peter Mares – who writes extensively on immigration for Inside Story magazine – on what’s in store, and whether the issue Labor’s addressing is a political problem, or a real one.

 

If you enjoy 7am, the best way you can support us is by making a contribution at 7ampodcast.com.au/support.

 

Socials:Stay in touch with us on Instagram

Guest: Inside Story Magazine journalist Peter Mares

Photo: AAP Image/Lukas Coch

After one false start and a hell of a lot of political pressure from the right, Labor has finally unveiled its long-awaited immigration plans.
Backpackers, students and visa overstayers will all be targeted by the measures &ndash; designed to bring net overseas migration down from around 300 thousand, to 225 thousand by 2028.
So what impact will the overhaul have on our economy, our communities, and on Labor&rsquo;s re-election prospects?&nbsp;
Today, journalist Peter Mares &ndash; who writes extensively on immigration for Inside Story magazine &ndash; on what&rsquo;s in store, and whether the issue Labor&rsquo;s addressing is a political problem, or a real one.
&nbsp;
If you enjoy 7am, the best way you can support us is by making a contribution at <a href="http://7ampodcast.com.au/support">7ampodcast.com.au/support</a>.
&nbsp;
Socials: Stay in touch with us on <a href="http://www.instagram.com/7ampodcast">Instagram</a>
Guest: Inside Story Magazine journalist Peter Mares
Photo:&nbsp;AAP Image/Lukas Coch

Is Labor’s migration plan tackling a real problem or a political one?

https://api.omny.fm/orgs/2fb3740d-3436-44af-8cc0-a91900716aa5/clips/8878357e-dc38-4952-95c6-b4c800608747/transcript

The $100,000-a-month market for Trump’s posts

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