Tag: peter thiel
'Corruption': Trump's Support Of Prediction Markets Protects Family Investments

'Corruption': Trump's Support Of Prediction Markets Protects Family Investments

Critics attacked President Donald Trump's newest move against states as a "war" against betting market regulations meant to help enrich his family's business interests, with one activist stating bluntly, "This is what corruption looks like."

According to a Thursday report from the Popular Information substack, Arizona, Connecticut and Illinois have launched lawsuits against "prediction market" platforms Kalshi, Polymarket, Crypto.com, and Robinhood, alleging that they have worked to "circumvent state laws" in order to run "illegal gambling sites." As these services have exploded in popularity, critics have accused them of turning a wide range of random circumstances into opportunities for betting, as well as offering betting opportunities on things like sporting events that critics say are indistinguishable from real gambling altogether.

In response to these state-level efforts to rein in these platforms, Trump's Commodity Futures Trading Commission filed counter lawsuits, arguing that the services those sites offer "are distinct from traditional gambling." That is the same line of argument the platforms themselves have put forward as they have attempted to avoid being regulated or outright banned under traditional gambling laws.

As Popular Information laid out in detail, Trump has extensive connections to these platforms, owning the largest share of the Trump Media & Technology Group, which in turn does significant business with Crypto.com. Trump's son, Donald Trump Jr., is also "deeply enmeshed" in the industry, serving as an advisor for both Kalshi and Polymarket. And it does not stop there.

"Many of Trump’s political allies also have connections to the prediction market industry," the report elaborated. "Trump-supporting billionaire Peter Thiel, for example, has helped raise millions in funding for Polymarket. Paradigm, an investment firm, and venture capital firm Andreessen Horowitz also participated in a funding round for Kalshi. Paradigm donated $1 million to Trump’s inaugural fund. Andreessen Horowitz co-founders Marc Andreessen and Ben Horowitz both donated millions to a super PAC supporting Trump’s 2024 campaign, and Trump recently appointed Andreessen to his 'President’s Council of Advisors on Science and Technology.'"

Melanie D'Arrigo is executive director for the New York Health Campaign, which advocates for universal single-payer healthcare, and has co-founded non-profits involved with the LGBTQ community. Sharing a link to the report on X Thursday, she was unsparing in her appraisal of the corruption at play with the CFTC's lawsuits.

"Donald Trump Jr. is a paid strategic advisor for Kalshi," D'Arrigo wrote. "Trump Jr. is a major investor and advisor for Polymarket. Trump Media has a $6.5 billion+ investment and partnership with Crypto.com. Robinhood runs the Trump Accounts. The Trump administration is blocking states from suing them. This is what corruption looks like."

Reprinted with permission from Alternet

Church Leaders Rebuke Far-Right Billionaire Thiel Over Obsession With 'The Antichrist'

Church Leaders Rebuke Far-Right Billionaire Thiel Over Obsession With 'The Antichrist'

Billionaire Republican megadonor Peter Thiel is receiving international criticism, including from members of the Catholic clergy, for promoting his belief that the arrival of the Antichrist is near.

The Antichrist is a figure in Christianity who has traditionally been seen as a herald of the end of the world and who operates in direct opposition to Jesus Christ.

Thiel has an estimated net worth of more than $30 billion, making him one of the 100 wealthiest people in the world. For the last year, he’s given speeches at conferences discussing his belief in the looming Antichrist.

As part of Thiel’s crusade this week, he traveled to Rome, Italy, to speak with a conservative Christian group to explore “occult forces,” which the group says are “ceaselessly at work, intent on destroying what remains of the West.”

In previous appearances, Thiel has described the so-called Antichrist as having beliefs that align with the liberal, left worldview. He has also argued that the Antichrist intends to create a one-world government while opposing climate change and the spread of artificial intelligence.

Leaks from a previous conference show Thiel calling internationally celebrated climate activist Greta Thunberg “some sort of evil tyrant” or “a shadow of an antichrist.”

According to Rev. Paolo Benanti, who advised the late Pope Francis, Thiel is promoting “a prolonged act of heresy against the liberal consensus: a challenge to the very foundations of civil coexistence.”And Avvenire, an Italian Catholic newspaper, described Thiel as an “agent of chaos.”

Thiel exists at the upper echelon of financial donors to the GOP, and he was a major contributor to Donald Trump’s presidential campaign in 2016. Currently, he is among the top GOP donors in this year’s midterm elections.

Vice President JD Vance is close to Thiel, who helped him get into the world of tech financing and investment after Thiel contributed $15 million to elect Vance to the Senate.

After supporting Trump and other Republicans, Thiel’s firm Palantir has received millions in government contracts authorized by the Trump administration. Palantir’s technology is being used by immigration agents to identify and deport immigrants.

At the elite right-wing donor level, Thiel stands beside Elon Musk in spending heavily to elect Republicans.

Let them waste their money.

Why Congress Must Investigate Trump's Lies About The Hernandez Pardon

Why Congress Must Investigate Trump's Lies About The Hernandez Pardon

To ordinary MAGA voters in the American heartland — who may have witnessed the ravages of narcotics up close in their own families — the recent conduct of their favorite president must be troubling. While they may not know all the details, many have heard by now that President Donald Trump ordered deadly missile strikes against boats suspected of transporting drugs to the United States from Venezuela — and that he simultaneously pardoned Juan Orlando Hernandez, the former Honduran president serving 45 years in an American prison for trafficking tons of cocaine to our shores.

Even Fox News commentators have noticed a contradiction between Trump's wanton killing of alleged drug smugglers and his merciful beneficence toward the ex-boss of the biggest narco-state in the hemisphere. Yet Trump lapdogs in the right-wing media have tastefully refrained from examining exactly how this strange juxtaposition occurred, or the real reasons behind his actions.

So far, neither Trump himself nor Pete Hegseth, his self-styled secretary of war, have provided any evidence that the boats blown apart in the Caribbean and Eastern Pacific were transporting cocaine, fentanyl or any other narcotics — or that the people killed aboard them had committed any crimes at all. To label these attacks as "war crimes" when we have no declared hostilities with any state in the region is to elevate them above incidents of piracy and murder, which they in fact appear to be.

And while polls show that many Americans would like to see proof of White House assertions about the boat strikes, even including Congressional Republicans, too many Americans are content to see distant and foreign individuals' rights violated in the name of "fighting drugs."

Yet if Trump wants to fight drug smuggling, why did he pardon and release a convicted gangster like Hernandez, whose crimes range from election tampering and official corruption to trafficking and murder? Well, Trump and his minions — including the pardoned MAGA felon Roger Stone, who successfully advocated Hernandez's release — insist that he was a victim of "lawfare" by the Biden administration.

Indeed, Trump has repeatedly claimed that the Biden Justice Department treated Hernandez "very unfairly," without specifying how exactly he was wronged, and further explained that "many people" had urged him to issue the pardon because the prosecution was a "horrible witch hunt."

Trump's account, echoing Stone, reflects precisely none of the known facts concerning the felonious Hernandez. Not long before his indictment, his brother Juan Antonio (Tony) Hernandez, a former Honduran congressman, was convicted in a massive cocaine trafficking conspiracy. Among the charges against brother Tony, aside from assorted assassinations, was accepting a million-dollar bribe — on behalf of his presidential sibling — from kingpin Joaquin Guzman, better known as "El Chapo." Nobody has suggested pardoning Tony yet.

Perhaps that's because Tony's indictment was brought during the first Trump administration, with a prosecution team led by Emil Bove III, who represented Trump himself in private practice and was lately appointed to a lifetime position on the federal bench by his former client after serving several months in a top Justice Department position.

The enormous trove of evidence against both Juan Orlando Hernandez and his brother extended far beyond the testimony of the drug lords, killers and thugs who had sponsored their political careers. Verified exhibits included ledgers kept by the traffickers with entries of payoffs and drug transactions with "JOH," identified as Hernandez by his initials; taped phone calls and other data that discussed cash payments to him in exchange for his protection of drug routes; plus photo albums of Hernandez with cartel leaders at soccer games and other events.

To believe Trump's fantasy version is to discount all the evidence compiled by his trusted attorney Bove — and to assume that the Republican judges who oversaw the indictments and prosecutions were all somehow corrupted by former President Joe Biden. The hard truth is that Biden and the State Department in his administration coddled Hernandez, just as previous U.S. presidents had tolerated Honduran corruption for "geopolitical" reasons. There was no persecution or witch hunt.

So why did Trump pardon Hernandez? The right-wing narco boss had powerful friends close to the U.S. president, far more powerful than the loudmouthed gadfly Stone. Top industrial and tech leaders, including Peter Thiel and Marc Andreessen, and oil baron Kelcy Warren, all major Trump donors, have major interests in Honduras that benefit from Hernandez's National Party political machine.

It is a shadowy network that merits much deeper scrutiny — and possibly a congressional investigation when responsible and honest leadership returns to power.

Joe Conason is founder and editor-in-chief of The National Memo. He is also editor-at-large of Type Investigations, a nonprofit investigative reporting organization formerly known as The Investigative Fund. His latest book is The Longest Con: How Grifters, Swindlers and Frauds Hijacked American Conservatism (St. Martin's Press, 2024).

Reprinted with permission from Creators

'Vampire Billionaire' Peter Thiel Says Pope Leo May Be The Antichrist

'Vampire Billionaire' Peter Thiel Says Pope Leo May Be The Antichrist

Shortly after American-born Robert Prevost was elected Pope, J.D. Vance and his wife stopped in to visit with the new pontiff.

In addition to a Chicago Bears shirt, Vance brought the American Pope two books by St. Augustine. This gift represented a bond between the two men: Vance chose St. Augustine as his patron saint when he converted to Catholicism, and the Pope was previously head of the worldwide Augustinian order.

It's an open question whether Vance ever read either of the books, since Augustine spends a good amount of time lecturing against pride, encouraging humility, and preaching compassion for immigrants. But even assuming Vance still somehow clings to a highly selective edit of the saint ("An unjust law is no law at all," means Vance can do anything he wants, right?), it looks like he's going to have to denounce the guy in the big hat.

Because Vance's vampire boss says the Pope may be the Antichrist.

Billionaire tech investor Peter Thiel is probably best known for three things: Company names stolen from The Lord of the Rings, trying to drain the blood of young people so he can live forever, and foisting J.D. Vance on America. But there's another side to Thiel.

He's not just a technofascist seeking to build an AI-fueled authoritarian surveillance state. He's also an absolutely bonkers pseudo-religious nutcase who views everyone who stands in his way as an agent of ... Satan. And that includes the Pope.Thiel has hosted a series of lectures for a very select audience in which he's warned that the Antichrist—harbinger of the apocalypse—is in the world today, making trouble for all the good little AI billionaires. Tickets for these events generally start at $200, so it's safe to say that most of those attending are already fairly well off. (Or they're looking for someone to fund their Senate campaign.)

In those lectures, Thiel puts his finger on some very suspect people. People like Swedish climate campaigner Greta Thunberg, other environmental activists, AI safety advocate Eliezer Yudkowsky, anyone else who suggests regulating AIs before they destroy humanity, and people who are worried about nuclear war.

Yes, according to Thiel, trying to prevent nuclear armageddon means you are also a potential Antichrist.

Thiel's view of the Antichrist “is that of an evil king or tyrant or anti-messiah who appears in the end times”. It's worth pointing out that, no matter how many times this idea may have appeared in conservative rhetoric or sweaty tent revivals, this is a profoundly unbiblical concept.

Several times in the Greek versions of the gospels, there are mentions of someone being "antikhristos," which is exactly what it sounds like: opposed to Jesus and his teaching. Another term, "pseudokhristos," is used to describe people who spread statements falsely attributed to Jesus. In both cases, these terms are applied, not to a particular individual, but to anyone seen as interfering with the message of Christ.

The idea that the Antichrist is an evil potentate who will usher in the end of the world was created after everyone involved with the Gospels was long dead. It's the vision of a 10th-century French monk, Adso of Montier-en-Der, who compiled centuries of speculation to turn an adjective into a title. In the process, he created an antagonist who has been beloved of poor biblical scholars ever since.While many people quickly adopted the concept, most of Adso's biography of the Antichrist has been conveniently discarded. He was supposed to be Jewish, born in Babylon, and to rule the world from a throne in Jerusalem. But all that stuff gets in the way of lots of fun speculation and flinging an Antichrist label onto anyone you hate.

The Antichrist is also supposed to be empowered to perform all sorts of miracles and be capable of resurrecting the dead. So if a 22-year-old Swedish woman best known for shouting environmental concerns into a microphone is secretly the Antichrist, she's been seriously holding back.

Thiel's Antichrist obsession goes back to at least the 1990s and borrows themes from French-American philosopher René Girard to posit that the left is intrinsically anti-Christian and the natural home for the Antichrist. There's already plenty to object to in how Girard's "mimetic" philosophy has been interpreted and applied. But he has enough hold on conservative Catholics that Thiel, who is not a Catholic (because Pope Francis was also too woke for his taste), has been invited to do his anyone-who-opposes-me-is-Satan dance at multiple conservative Catholic venues, including The Catholic University of America.

Somewhere in his decades of studying a figure that never existed, Thiel's views took a decidedly peculiar twist. He can't seem to distinguish between technology and God. As The Washington Post reported, Thiel's lectures have only grown more "intense" over recent months.

... recordings offer new detail about how the billionaire seems to place those who would critique or regulate tech developers into a religious good-vs.-evil worldview, where the future of all creation depends on giving innovators free rein.

As Wired reported in September, Thiel also has some very odd notions of what's good and what's evil. He doesn't just draw his thinking from Girard. He also frequently quotes Nazi attorney Carl Schmitt.

You know you live in strange times when one of the most influential billionaires in the world—an investor who lit the financial fuses on both Facebook and the AI revolution, who cofounded PayPal and Palantir and launched the career of an American vice president—starts dedicating his public appearances primarily to a set of ideas about Armageddon borrowed heavily from a Nazi jurist. (As in: the guy who rapidly published the most prominent defense of Hitler’s Night of the Long Knives.)

That Nazi is a big part of Thiel’s philosophy. According to Thiel, anyone who raises doubts about the benefits of new technologies is evil. And anyone who tries to generate unity is suspect. That makes a climate campaigner like Thunberg a potential Antichrist and every international climate agreement the work of the devil. Ditto for those cautioning against AI advancement and even those who have worked to oppose nuclear weapons.

But defending Nazi attacks on Jews? For Thiel, that sounds like someone with a lot of good ideas. Right on target for a billionaire who has also declared that democracy and freedom are "not compatible.”

So maybe it's not so strange that the vampire billionaire of the apocalypse has found a new potential Antichrist hiding under a big pointy white hat. Thiel has reportedly warned J.D. Vance about getting too close to "the woke American Pope" and fumed that Leo may actually be ... the A-word.

This warning appears to have come after Pope Leo cautioned AI developers "to ensure that emerging technologies remain rooted in respect for human dignity and the common good." The Pope also warned students against using AI to do their homework.

“AI can process information quickly, but it cannot replace human intelligence,” he said. “And don’t ask it to do your homework for you. It cannot offer real wisdom. It misses a very important human element.”

Them're definitely fighting words for Thiel. And he's taking the fight right to the man he installed as America's second-in-command in a way that hasn't gone unnoticed by Catholics who don't source their opinions from Nazi Germany.

Let that sink in: the main backer of the likely GOP nominee for president is accusing the Bishop of Rome of being an agent of the end times — and telling Vice President Vance to disregard the pope’s moral guidance.

For most of the billionaires hurtling the world toward AI destruction, fame and money are sufficient cause to light humanity's last bonfire of the vanities. For Thiel, this is a religious fight. Will we have the evil that comes with peace and environmental reform, or will we enjoy God's bounty of unregulated pollution and unchecked AI?

Either way, Thiel plans to be here to see how it turns out. If he can keep filling his veins with fresh, young blood.

Reprinted with permission from Daily Kos

Shop our Store

Headlines

Editor's Blog

Corona Virus

Trending

World