Folks, can you believe this? Another day, another scandal. This time, it's Polymarket, the so-called "prediction market" where elites are apparently placing bets on when the next global catastrophe will strike, and cashing in BIG time. Turns out, predicting the future is easy when you know the future, wink wink.

The AP is reporting that a bunch of brand new accounts suddenly appeared on Polymarket, just hours before Trump announced that ceasefire with Iran. These accounts made HUGE bets on… you guessed it… a ceasefire with Iran. And they only made those bets. Coincidence? I think not.

It's almost like someone knew something we didn't. Like, maybe they knew what Trump was about to tweet on Truth Social. Or maybe they told Trump what to tweet. Who knows? What we do know is that someone made a killing, while the rest of us are stuck paying for gas at $10 a gallon.

And it's not just Iran. Some anonymous genius made $400,000 betting that Maduro would be ousted in Venezuela, right before it happened. And another one scored over half a million betting on the U.S. hitting Iran and the Ayatollah getting the boot, right before that went down. Talk about knowing your audience! Or, you know, just knowing what's going to happen.

Harvard eggheads are saying that $143 MILLION in profits have been made on Polymarket by insiders. Insiders betting on everything from Taylor Swift's engagement (who cares?) to the Nobel Peace Prize (even more who cares?). The point is, the fix is in, people. Always has been, always will be.

Luckily, we got Rep. Ritchie Torres, D-N.Y. (yes, a Democrat – even they can see the BS sometimes), demanding the CFTC investigate. He's asking the important questions, like: "What is the statistical likelihood that of anyone other than an insider trader placing a winning bet 12 minutes before a market-moving presidential announcement?" His answer: "God, or an insider trader. And something tells me that God it not placing bets around Donald Trump's posts on Truth Social."

Polymarket is basically a casino where you can bet on anything, from the weather in Phoenix (spoiler alert: it's hot) to whether the Fed will keep printing money (spoiler alert: they will). It's banned in the US, naturally, but they're trying to sneak back in by buying a legit exchange. Because of course they are.

And then there's the offshore, crypto-based platform. Because if you're gonna rig a market, you might as well do it with magic internet money that nobody understands. Am I right?

So, what's the takeaway here? Simple: the system is rigged. The elites are playing a different game than we are. And they're using every tool at their disposal, from prediction markets to Twitter bots, to stay on top. Don't expect the CFTC to do anything meaningful. Remember 2008? Crickets. But hey, at least we can laugh about it. Right?

Sources:

* Commodity Futures Trading Commission (CFTC) * U.S. House Financial Services Committee * Harvard University