Hegseth bans use of nonpublic info for bets on U.S. military ops
Defense Secretary Pete Hegseth said the ban applies to classified and unclassified information and includes prediction markets such as Polymarket and Kalshi.
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Defense Secretary Pete Hegseth said the ban applies to classified and unclassified information and includes prediction markets such as Polymarket and Kalshi.
Prediction market Kalshi sued Illinois on Tuesday, seeking to block new taxes and license requirements set to take effect July 1.
Kalshi and Polymarket, the two biggest prediction market platforms, rushed to institute new industry guardrails and add new surveillance tools on Monday after two key senators announced legislation that could severely curtail the industry’s prospects.
Arizona state law prohibits both of those types of bets, but there are some exceptions to sports.
