Pentagon Bans Prediction Market Bets to Prevent Military Insider Trading

By Jon Brodkin · Ars Technica · 2026-10-23

Ars Technica reports that the Department of War is now threatening personnel with criminal prosecution for wagering on military outcomes. Defense Secretary Hegseth issued a memo prohibiting staff from using nonpublic information to place bets, citing risks to both operational sec

Ars Technica reports that the Department of War is now threatening personnel with criminal prosecution for wagering on military outcomes. Defense Secretary Hegseth issued a memo prohibiting staff from using nonpublic information to place bets, citing risks to both operational sec