Secretary of War Pete Hegseth has notified all Department of War personnel that they are prohibited from being involved in financial transactions—including through online prediction markets like Polymarket and Kalshi—using nonpublic information.
CBS News was first to report on the Pentagon memo, which was dated Oct. 20.
In June, the Commodity Futures Trading Commission proposed a similar rule to block prediction markets involving matters of war, assassinations, and terrorism.We had a problem loading this article. Please enable javascript or use a different browser. If the issue persists, please visit our help center.
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