Trump fired Attorney General Pam Bondi on April 2nd after growing frustration with her handling of the Epstein files and failure to prosecute his political opponents. The market's aggressive response suggests this was no isolated event — traders are pricing in EPA Administrator Lee Zeldin as the likely permanent replacement for Bondi, while multiple officials face potential ouster.

The speed and scale of betting movements suggest traders see this as the beginning of a major personnel purge. Markets have pushed Pam Bondi's departure odds to 99¢, while Tulsi Gabbard sits at just 57¢ odds of staying through year-end, with FBI Director Kash Patel and others at similar risk levels. The unprecedented volume in these markets — over 134,000 in Bondi departure contracts alone — indicates major money is positioning for continued upheaval in Trump's cabinet through 2026.