In retrospect, if only Cantor Fitzgerald was calledPolyCantor,none of this would have happened.

Ever since September, the upstart online betting marketplacePolyMarkethas been offering traders the opportunity to make money by bettingwhether the US Supreme Court would rule in favor or against Trump's tariffs,with millions of bets placed for either outcome(of course, we learned the outcome at 10am ET on Friday, when a 6-3 majority - including two Justices selected by Trump - voted against the president's landmark trade policy).

If that's not enough, there were also parallel markets like "Will the Court Force Trump to Refund Tariffs?", "Will the Supreme Court rule on Trump's tariffs by..." and many others.

Of course, there's also PolyMarket's carbon copy, Kalshi, whichoffered the exact same marketsto its own group of traders.

Yet reading the mainstream media or various social network politicized echo chambers,one would have no ideathat both PolyMarket and Kalshi, which have revolutionized online betting for ordinary Americans (and as of this week, for institutional clients of bothPolyMarketandKalshi), are letting their clients bet millions whether Trump's tariffs would be struck down in court. Instead, they would be bombarded by headline after headline that Cantor Fitzgerald - the investment bank overseen by the sons of Commerce Secretary Howard Lutnick - is doing just that.

NEW - Howard Lutnick’s sons, Brandon and Kyle, now running Cantor Fitzgerald after Lutnick became Trump's Commerce Secretary, have been buying up rights to Trump-era tariff refunds at steep discounts, reportedly 20–30 cents on the dollar — Wiredpic.twitter.com/AMrNcxckQB

🚨🇺🇸 LUTNICK SWINDLES AMERICA AGAIN!!The Supreme Court just ruled Trump's tariffs illegal. Guess who's about to make a fortune off it?Cantor Fitzgerald, the firm now run by Commerce Secretary Howard Lutnick's sons, has been buying up the rights to tariff refunds from U.S.…pic.twitter.com/A2YMfsGJQK

Only in the case of Cantor Fitzgerald, this is 100% fake news.

It all started with a July report byWired(which once was a great magazine before transforming itself into the modern day version of the Sears, pardon, Amazon catalog with its avalanche of product infomercials) that alleged the financial services company created a “litigation finance” product that brokers bets that the courts will strike down the tariffs.

"Trump’s Commerce Secretary Loves Tariffs. His Former Investment Bank Is Taking Bets Against Them.A subsidiary of Cantor Fitzgerald, which is run by the sons of US commerce secretary Howard Lutnick, is letting clients essentially bet that President Donald Trump’s tariffs will be struck down in court", Wireddeclared bombastically, adding that...

Source: ZeroHedge News