On Friday, I sent a special message to our free subscribers. It highlighted how Popular Information’s work shines a light on stories that powerful people would rather keep in the shadows, and reshapes the national political debate. Last week, for example, Popular Information broke the story that Trump publicly praised two companies, Thermo Fisher Scientific and Apple, on the same day he bought their stock. Within 24 hours, our investigation was national news. At the White House press briefing, reporters questioned Vice President J.D. Vance about it directly. With the midterms fast approaching, we have even more ambitious plans to follow the money and root out corruption. Although Popular Information has 541,000 readers, only a small fraction support our work as paid subscribers. We could put up a paywall to encourage more people to pay, but we believe access to crucial information shouldn’t be limited by income. To keep Popular Information available to everyone, we set a stretch goal of 225 new paid subscribers, and we’re close. To help get us over the top, we’re offering 20% off subscriptions for one more day. On Truth Social, Trump has repeatedly promoted Stake, an unregulated online casino that, according to state gambling regulators, is operating illegally. Trump publicized Stake alongside the UFC match being held at the White House on his 80th birthday, June 14. He posted AI-generated images featuring himself, UFC CEO Dana White, and the Stake logo on April 9, May 8, and twice on May 20. Stake is a major sponsor of the UFC, including prominent placement in the UFC octagon. Stake.us users play traditional casino games like slots and roulette. The company, which is based in Cyprus, claims it is a “safe and free gaming experience.” But gambling regulators across the country say it is an illegal online casino. Stake.us has two types of currency: 1. “Gold Coins” which cannot be converted into real money, and 2. “Stake Cash” which can be converted to crypto currency or gift cards. To obtain “Stake Cash” players buy “Gold Coins” and receive “Stake Cash” for free. A lawsuit by the Los Angeles City Attorney called this “a ruse” that is indistinguishable from real money gambling. Nevertheless, Stake.us has not obtained or sought gambling licenses from any jurisdiction in the United States. Why is Trump lending his image — and the White House itself — to this kind of scheme? One possible answer was included in the May 20 FEC filing of MAGA Inc., the primary Super PAC connected to Trump. On April 27, Bijan Tehrani, the co-owner and co-founder of Stake, donated $1 million to MAGA Inc. Tehrani, a billionaire who resides in Australia, is able to donate to MAGA Inc. because he was born in the United States. Tehrani is a named defendant in the California lawsuit, which alleges Tehrani “created, directed, controlled, knowingly profited from, and otherwise knowingly participated in the illegal conduct.” Overall, Stake.us is facing more than a dozen lawsuits, including consumer class actions, across the United States. As a result of legislative and regulatory actions in recent years, Stake.us is now blocked in at least 17 states. Stake pays millions to celebrities to lend legitimacy to its platform. According to a 2023 report from the Financial Times, Drake is paid $100 million annually to promote Stake. The government contractor loopholeGovernment contractors are prohibited from making political contributions in the United States, even to Super PACs. But, as the latest MAGA Inc. filing reveals, there are plenty of loopholes. For example, Intuitive Machines, a space service company, is a significant government contractor. It has been particularly successful in securing government contracts during the second Trump administration. Intuitive Machines has secured at least eight new government contracts since Trump returned to the White House, including a NASA contract valued at $46.8 million on March 25, 2026. Intuitive Machines cannot donate to MAGA Inc. But Kamal “Kam” Ghaffarian, the founder and chairman of Intuitive Machines, is not prohibited from donating to Super PACs. On April 9, Ghaffarian donated $1 million to MAGA Inc. |