US Defense Secretary Hegseth Bans Military Bets on Prediction Markets
· World · CBS News, Ars Technica
Defense Secretary Pete Hegseth has banned military personnel from using nonpublic information to place bets on US military operations. The restriction covers both classified and unclassified data and explicitly includes prediction platforms such as Polymarket and Kalshi. The policy aims to prevent individuals with access to sensitive defense activities from profiting off market wagers. The announcement follows growing scrutiny over insider trading risks within emerging prediction exchanges.
Why it matters
US military personnel and defense contractors face strict new ethical boundaries regarding financial speculation on active geopolitical and tactical operations.
Read the original report — CBS News
Join us on Telegram
Breaking news the moment it lands. At 10,000 members we ship the Android app.