The Indicator from Planet Money The Indicator from Planet Money

Is anyone gonna do anything about these Iran War trades?

Apr 20, 2026 · 9m

Summary

This episode investigates suspicious futures trades made just before President Trump announced a pause in strikes on Iran, raising insider trading concerns. Hosts examine how political news now drives markets and whether regulators like the CFTC can enforce integrity amid staffing cuts. The discussion also covers the rise of unregulated prediction markets like Polymarket, where bets on geopolitical events pose national security risks and complicate oversight.

Topics discussed

Intro: Suspicious trades before Trump's Iran ceasefire announcement Sponsors: Edward Jones, Capella University, Charles Schwab Trader Michael Koh explains the suspicious S&P and oil futures bets CFTC Commissioner Kristen Johnson on market integrity and enforcement cuts Prediction markets like Polymarket and national security risks Outro: Hosts bet on movie box office and NATO withdrawal Credits and sponsors: Mint Mobile, Rosetta Stone
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