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Friday, October 23, 2026Updated 19:22 UTC

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Pentagon Bans Military Insider Trading on Polymarket, Kalshi After $400K Betting Scandal

Source: Bitcoin News · Oct 23, 2026 15:30 UTC

Aerial view of the Pentagon in Arlington, Virginia — File photo Carol M. Highsmith / Library of Congress · Public domain · Source

The Quick Take

Defense Secretary Pete Hegseth has prohibited U.S. military personnel and Pentagon employees from using nonpublic information to trade on prediction markets, warning that bets on military operations could expose sensitive intelligence to American adversaries and endanger troops. Military Makes Insider Trading Ban Official The directive follows the prosecution of a Special Forces soldier accused of

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