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Hegseth warns prediction market bets warp military...

Hegseth warns prediction market bets warp military judgment, endanger troops

Jon Brodkin Technology 23 Oct, 2026 Americas

Pentagon memo: Insider trading gives US enemies key intel on military operations.

Defense Secretary Pete Hegseth issued a memo warning military personnel against using nonpublic information to make bets on prediction markets, saying the wagers could give important clues to enemy countries.

"Do Not Compromise Military Operations for Personal Financial Gain," said the subject line of an October 20 memo published yesterday by CBS News. Hegseth's memo was sent to senior Pentagon leadership, Combatant Command leaders, and Defense Department field activity directors.

Hegseth wrote:

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