Hegseth bars US forces from using undisclosed information to bet on Polymarket, Kalshi

The Hill - Oct 22, 2026

Defense Secretary Pete Hegseth barred all Pentagon staff from using undisclosed information to place wagers on forthcoming U.S. military action using betting platforms and prediction markets like Kalshi and Polymarket. “Make no mistake why this matters. Our enemies watch movements in these markets," Hegseth said in a memo, first obtained by CBS News. "When an American...

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