Members of the U.S. military and civilian employees at the Pentagon could soon face restrictions on using prediction markets under a draft defense policy bill moving through Congress.
A provision included in draft legislation released by the House Armed Services Committee would require Defense Secretary Pete Hegseth to establish rules prohibiting members of the armed forces and Pentagon civilian personnel from trading on prediction markets when they possess relevant nonpublic information or could reasonably obtain such information. The proposal also calls for the development of a range of penalties for violations.
