MAGA Stars’ Vance Bets Spark Insider Trading Concerns

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MILWAUKEE, WI JULY 15, 2024 -- Former US President Donald Trump, left, and J.D. Vance during the first day of the Republican National Convention at Milwaukee, WI on Monday, July 15, 2024. (Jason Armond / Los Angeles Times via Getty Images)https://thedailybeast-thedailybeast-prod.web.arc-cdn.net/resizer/v2/Q6KWCIOXJZB6XDFNW475PPFMQM.jpg?auth=c77b48d9f3d1c675a44a8fc74b6f7329f133cfd330402d7215677aed8d6aafc8&smart=true&width=1609&height=905" />
Jason Armond / Los Angeles Times via Getty Imag

Republican insiders are being investigated over bets made with potentially confidential information, including more than one that predicted JD Vance would be announced as Donald Trump’s vice presidential pick in 2024.

The bets, allegedly placed over multiple years by many different insiders, were reportedly placed through the online betting platforms Polymarket and Kalshi, https://www.wsj.com/politics/policy/dc-government-prediction-market-betting-8134c3fc" rel="" target="_self" title="https://www.wsj.com/politics/policy/dc-government-prediction-market-betting-8134c3fc">The Wall Street Journal reports.

The potential instances of insider trading were first flagged in April by the White House Counsel’s office, which learned that anonymous Polymarket accounts had made five-figure bets on the Iran war ceasefire.

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