Comment by bluegatty

It's by the Southern District of NY and the case will get national attention.

This is a hugely negative thing for the Administration, as District Attorneys, SEC staff, etc. are going to be actively seeking how this could parlay into investigations and indictments of the people in the White House making Polymarket and other speculative bets just before government actions.

There are 100's lawyers reading that right now getting inspired on how they can take action to turn their investigative powers onto whoever those actors are aka family members or associates of those in the White House / Cabinet.

An investigation could be done at the State Level, away from the control of the DoJ, and, if it yields evidence, it wouldn't have to even make it's way through the courts in order to be political destructive.

The suggestion by the OP this has anything to do with ideology or the ruling power throwing one under the bus is ridiculous. Note that the ruling regime isn't above such a thing, but that's not what is happening here because it definitely does not serve their interests - it's the total opposite.

This could turn into a political nightmare that crashes the party.

Edit: if we want to be 'hopefully cynical' - recognize that this could absolutely be the vector that takes the man down, or even many of them. Imagine how many WH, Cabinet Members, family members could get investigated for this and under purvue of state investigators where the investigation can't get shut down.