Bald man in a dark shirt with an earpiece cord looks up and to the side with a surprised expression at a UFC event.
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“How’s That Legal?” Joe Rogan Asks After Shane Gillis Calls Paying $100,000 a Month to See Trump’s Posts Early “Literally Insider Trading.”

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The price tag on Trump Media’s “Truth API” ran up to $100,000 a month, or roughly $1.2 million a year, for faster access to posts from Donald Trump and other big accounts on Truth Social.

Bald man in a dark shirt with an earpiece looks upward with a surprised expression at a UFC event.
Joe Rogan reacts ringside during the middleweight title bout at UFC 319 in Chicago’s United Center on August 16, 2025, an earpiece cord visible as he takes in the action. Photo by Geoff Stellfox / Getty Images.

The company announced the developer program in 2024, pitching tiered access to the platform’s data. Because Trump’s posts have a long record of moving stocks, crypto, and prediction markets, critics zeroed in on the higher tiers as a way to buy an information edge.

That’s the read Gillis and Rogan ran with. Gillis called it “literally insider trading,” and Rogan came back with “How’s that legal?”

The service hasn’t been shown to deliver private, pre-publication drafts before they hit the public feed, which is the part that would raise the sharpest securities questions. What’s public did follow: investor and class-action suits accusing Trump Media of misleading statements about the API and its revenue potential. No criminal insider-trading charges have been filed over the product.

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Nadia Santiago

Nadia Santiago is a writer who lives between the clouds and the coastline, and writes about all the things your heart knows but your mouth can never quite say.