Hegseth bans DoD personnel from using nonpublic info to bet on U.S. military operations

TL;DR

Defense Secretary Pete Hegseth issued a memo banning DoD personnel from using nonpublic information to bet on U.S. military operations.
The prohibition applies to classified and unclassified information and includes prediction markets like Polymarket and Kalshi.
Hegseth warned that financial transactions on these markets could expose sensitive military movements to foreign adversaries.
Foreign intelligence services could analyze betting activity to anticipate U.S. military movements, targets, and timing.
Violations may result in administrative disciplinary or criminal action.
The directive follows scrutiny of service members participating in military-related prediction markets, including a case involving a soldier betting on the capture of Nicolas Maduro.

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