The Gambling Wire: Pentagon Restricts Prediction Market Trading as Congress Targets VIP Programs
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The Pentagon is restricting military personnel’s use of nonpublic information on prediction markets, while lawmakers expand their scrutiny of VIP programs to six more gambling companies. The Pentagon has responded to concerns about insider trading on prediction markets by issuing a new directive prohibiting military personnel from using nonpublic information to place trades. The move follows widely publicized allegations that a U.S. soldier profited by over $400,000 from advance knowledge of a military operation in Venezuela.
Source: Gambling Insider
