White House staff told not to place bets on prediction markets

Image for article White House staff told not to place bets on prediction markets
News Source : BBC News

News Summary

  • The email was sent on 24 March, a day after US President Donald Trump announced a five-day pause on his threat to attack Iranian power plants and energy infrastructure.
  • It referred to press reports that raised concerns over government officials using non-public information to place bets on platforms like Kalshi or Polymarket.
  • Polymarket came under scrutiny in January after a gambler made nearly half a million dollars on the capture of Venezuelan president Nicolás Maduro.
  • The incident raised concerns about whether they had benefited from inside information of the US military operation.
The Wall Street Journal first reported the email on Thursday.Ingle also said that all federal employees are subject to government ethics guidelines that prohibit the use of insider information for [+926 chars]

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