Hegseth bars US forces from using undisclosed information to bet on Polymarket, Kalshi
- On Tuesday, Defense Secretary Pete Hegseth issued a directive banning Defense Department personnel from using nonpublic information to bet on military operations, specifically targeting prediction markets like Polymarket and Kalshi.
- The directive follows the April arrest of U.S. Army Master Sgt. Gannon Ken Van Dyke, who allegedly used classified information to bet on the capture of Venezuelan President Nicolas Maduro, profiting more than $409,000.
- Hegseth warned that foreign intelligence services could analyze betting activity to anticipate U.S. military movements, adding that financial stakes can warp defense officials' judgment, with stakes creating conflicting interests.
- Violators could face administrative punishment or criminal charges under the Uniform Code of Military Justice or federal law, with the policy covering both classified and unclassified nonpublic information.
- Recent reports from CNN and Reuters indicate research identified more than 150 accounts on Polymarket potentially trading on military insider information, with dozens of cases referred to the Justice Department.
52 Articles
52 Articles
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.
New Pentagon directive bans troops from using nonpublic info to bet in
WASHINGTON (AP) — Defense Secretary Pete Hegseth has issued a new directive telling troops they cannot use “nonpublic information” to make bets on prediction markets . “Our enemies watch movements in these markets,” Hegseth wrote in a
The Toronto Star
New Pentagon directive bans troops from using nonpublic info to bet in prediction markets
WASHINGTON (AP) — Defense Secretary Pete Hegseth has issued a new directive telling troops they cannot use “nonpublic information” to make bets on prediction markets.
New Pentagon directive bans troops from using nonpublic info to bet in prediction markets – WTOP News
WASHINGTON (AP) — Defense Secretary Pete Hegseth has issued a new directive telling troops they cannot use “nonpublic information” to make bets on prediction markets. “Our enemies watch movements in these markets,” Hegseth wrote in a memo dated Tuesday and reviewed by The Associated Press. “When an American Service member, intelligence professional, or other Department...
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