Background

David Sacks is a prominent tech entrepreneur, venture capitalist, and political donor. He was the founding COO of PayPal, founder of Yammer (acquired by Microsoft), and is currently a founding partner at Craft Ventures. Sacks has been a vocal supporter of various political figures and causes, and has business ties with Elon Musk and other high-profile tech entrepreneurs.

Sacks' role in the Trump administration and potential conflicts-of-interest (such as investments in Bitwise, a cryptocurrency fund) have attracted scrutiny. On March 2, 2025, for example, plans for a US strategic cryptocurrency reserve were announced, with top holdings exactly matching those of Bitwise.

Resolution Criteria

This market resolves to YES if any US government entity (federal, state, or local) publicly announces an official investigation into David Sacks before January 1, 2026. This includes but is not limited to:

• Department of Justice (DOJ)

• U.S. Office of Special Counsel

• Office of Government Ethics

• Securities and Exchange Commission (SEC)

• Federal Trade Commission (FTC)

• Congressional committees

• State attorneys general

• District attorneys

The investigation must be specifically targeted at Sacks personally (not just a company he is associated with, unless he is specifically named as a subject of the investigation). The announcement must come from the government entity itself or be confirmed by official government sources.

The market resolves to NO if no such announcement occurs before January 1, 2026.

Considerations

In the first Trump administration, officials such as Kellyanne Conway came under investigation for ethics violations; such measures would be sufficient for this market.