Pentagon Bans Military Personnel From Insider Trading on Polymarket and Kalshi

TLDR: Pentagon bans military and civilian personnel from using nonpublic information to trade on Polymarket and Kalshi. The directive covers classified and unclassified information, including trades made indirectly through third parties. Defense Secretary Pete Hegseth warns that military-related bets could expose sensitive operations to foreign intelligence services. Violations may result in administrative, disciplinary, or criminal action under military rules and federal law. The Pentagon has banned military and civilian personnel from trading with nonpublic information on prediction markets , including Polymarket and Kalshi. Defense Secretary Pete Hegseth issued the directive on October 20 to senior Pentagon leaders and combatant commanders.