The sketchy business practices of the felonious Donald Trump and his MAGA accomplices in crime continues to blaze new paths to riches for the Commander-and-Thief who presently occupies the White House. Recent reports have detailed the Trump family’s skyrocketing wealth during the just the past nine months of his second inglorious term.

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Much of the ill gotten gain that Trump has accumulated has come from his crypto enterprises that have the added benefit of concealing the nefarious characters with whom he is doing business. However, another rich vein of dirty dollars is his Trump Media and Technology Group (TMTG) that is the parent entity for Truth Social and other scammy ventures. And the newest wrinkle in TMTG’s portfolio is a “prediction betting marketplace” that will provide online gambling opportunities for Trump’s cult followers. According to ABC News…

“President Donald Trump’s social media company, Trump Media and Technology Group, announced Tuesday that it will soon launch a prediction betting marketplace on Truth Social, allowing users to gamble on sports and politics directly on the platform.

Devin Nunes, the CEO of TMTG, said in a statement that the firm is ‘democratizing information and empowering everyday Americans to harness the wisdom of the crowd, turning free speech into actionable foresight.'”

Fantastic! Trump is returning to the casino business that he so utterly failed in with multiple bankruptcies. Now he will now be presiding over an online gambling operation that specifically targets two sectors of society over which Trump has demonstrated flagrant dishonesty and incompetence: Sports and politics.

Specifically with regard to politics, an online betting platform could offer wagers about future actions over which Trump himself will have decision making responsibility. Which means that he will know the outcome of whatever the wager concerns. And so will anyone that he chooses to tell. That hardly seems like a fair betting field. But it does seem like the sort of sham that Trump could use to further enrich himself and his comrades through his proxies.

Therefore, it’s consistent with most of Trump’s prior shady businesses. TMTG, for instance, was trading at about $43.00 the week before his inauguration this year. Nine months later it is under $17.00. That’s a decline of more than 60% while the S&P 500 rose more than 8%. Meanwhile, Trump’s crypto meme coin, which he launched the day before his inauguration at $74.00, is now trading at about $9.00, a massive drop of 88%.

None of this should surprise anyone who has been paying attention to the Trump financial empire that has been notorious for its rampant failure and potential fraud. For instance…

Truth Social Parent Plans Desperate Share Buyback to Boost its Failing Stock and Enrich Trump
This is a tactic that is sometimes used to juice failing stocks. By reducing the shares available on the market, the remaining shares should be more valuable. That would mean an extraordinary leap in wealth for Trump who is the largest stakeholder

SRSLY? Trump Brags that His Pitifully Failing Meme Coin is a ‘Tracker’ of His Imaginary Success
Trump’s meme coin is hardly a game-changer. While it has generated a significant horde of untraceable cash for Trump, who paid nothing for his shares, it has been an abysmal loser for nearly everyone else who was foolish enough to invest in it.

Trump’s Truth Social is Creating ‘Non-Woke’ Investment Portfolios for MAGA Cult Investors/Dupes
The focus of the Trump investment portfolios rests on buzzwords plucked from his political rhetoric. And what could possibly have more income potential than “non-woke” enterprises that pursue the anti-democratic goals of the MAGA movement?

Truth Social, Trump’s Pathetic Personal Propaganda Platform, Continues to Bleed Cash
In what may be the least surprising news of the year so far, Donald Trump’s flagship social media enterprise, Trump Media and Technology Group (TMTG) – the parent holding company of his failing Twitter ripoff, Truth Social – released its annual report on Friday that revealed just how big a failure it is.

Trump’s Truth Social is Shedding Users Like a Miserable Childless Woman’s Mangy Cat
The Donald Trump-controlled Truth Social platform recorded its third straight month of declining traffic. Truth Social attracted 2,112,000 unique visitors, down 38% compared to June 2023 when the site generated 3,407,000 unique visitors. It was the platform’s second worst traffic performance since June 2022 when Truth Social had only 1,891,000 unique visitors.

Trump Crime Syndicate: Investors Arrested for Insider Trading in Failing Truth Social Scam
Trump’s associates in his truthless, anti-social media venture were arrested and charged with insider trading. Reports indicate that “the three individuals together made more than $22 million in illegal profits.”

Truth Social Disease: Ads on Trump’s Twitter Ripoff are Mostly Scams and Trump-Fluffing Merch
Advertisers are afraid of their ads being juxtaposed with hate speech and other noxious content. Consequently, the only advertisers who are willing to shell out are sketchy scammers, conspiracy theorists, and junk peddlers.

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