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1 revisions for "Betting on War: Inside the White House Insider Trading Scandal That Exposed Prediction Markets' Billion-Dollar Blind Spot"

#1
Anonymousabout 3 hours ago

The White House issued an internal warning to all staff on March 24, 2026 against using nonpublic information to trade on prediction markets like Kalshi and Polymarket, following a pattern of suspiciously well-timed bets tied to the Iran war that generated millions in profits. The episode has triggered federal investigations, multiple legislative proposals, and a broader reckoning over whether the legal framework governing insider trading by government officials can keep pace with a prediction market industry whose monthly trading volume has surged from $2 billion to over $18 billion in six months.

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