Pentagon Bans Military Insider Trading on Polymarket, Kalshi After $400K Betting Scandal

Crypto Insight Summary: Defense Secretary Pete Hegseth has prohibited U.S. military personnel and Pentagon employees from using nonpublic information to trade on prediction markets, warning that bets on military operations could expose sensitive intelligence to American adversaries and endanger troops. Military Makes Insider Trading Ban Official The directive follows the prosecution of a Special Forces soldier accused of […] Crypto Insight Analysis: Direction: Bearish Polymarket / Bearish Kalshi Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Military ban on insider trading reduces liquidity and user base for prediction markets.