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Hegseth Bans Classified Trading on Prediction Markets

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Story summary
  • U.S. Defense Secretary Pete Hegseth banned personnel from using nonpublic information to trade on prediction markets.
  • The memo warns that enemies monitor trades and that violators face criminal penalties.
  • Sergeant Gannon Van Dyke, 38, was charged with $32,500 bets on Maduro’s removal.
  • A Special Forces soldier earned over $400,000 on Polymarket using classified Maduro operation data.
  • The White House warned staff not to trade on markets with privileged information.