The Guardian reported that traders made over $1 billion in suspiciously timed bets on major Iran war developments — including $855,000 in bets placed the night before US airstrikes on February 27, and $950 million in oil futures bets hours before Trump announced a ceasefire on April 7. The CFTC, lawmakers, and the Columbia and UCLA law professors quoted acknowledge this raises serious insider-trading concerns, though investigators cannot yet determine whether specific trades were illegal or whether the traders had government connections. Snyder's claim that "people close to Trump" specifically are profiting remains unverified — the betting activity is confirmed, but the identities of the traders and any Trump administration links have not been established in reporting.