Revision History

On the morning of March 24, 2026, roughly $580 million in oil futures and $1.5 billion in S&P 500 futures changed hands in the minutes before President Trump announced a pause in strikes on Iran — trades that Nobel laureate Paul Krugman has called "treason." The incident has triggered calls for congressional investigations, new legislation on prediction markets, and a broader reckoning over whether governance-by-social-media has created an unprecedented insider trading vulnerability.