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.
A growing number of U.S. states are seeking to crack down on prediction markets, but face pushback from federal regulators.
After detecting suspicious activity on the teleprompter operator's account, Kalshi investigated and then referred the case to federal regulators.
Prediction markets have become a draw for young men in search of quick cash and thrills, experts say. "I had almost $4,600 at one point but squandered that," one man said.
Trading in crude oil futures spiked only minutes before President Trump postponed an ultimatum on Iran, causing oil prices to drop and stocks to surge.
