Pete Hegseth bans use of prediction markets to bet on military operations
Secretary of Defense Pete Hegseth has banned military personnel from using non-public information to bet on U.S. military operations through prediction markets like Polymarket or Kalshi.
Secretary of Defense Pete Hegseth has issued a ban on military personnel using non-public information for betting purposes. This prohibition specifically targets prediction markets such as Polymarket and Kalshi. The ban prohibits betting on U.S. military operations using such insider knowledge.
- Military personnel are banned from using non-public information to bet on U.S. military operations.
- The ban applies to prediction markets like Polymarket and Kalshi.
- The directive was issued by Secretary of Defense Pete Hegseth.
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