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