White House staff told not to place bets on prediction markets
The platforms have grown in popularity, with some users making bets on global events.
Coverage by Political Leaning
See how different sides of the spectrum reported this story
Notable Quotes
"any implication that Administration officials are engaged in such activity without evidence is baseless and irresponsible reporting."
— Davis Ingle , Politician
"Corruption and exploitation are thriving right now within the gaps and loopholes of prediction markets."
— Andy Kim , Politician
"It is disgusting. I suspect a circle of people in government must have known what the president was going to say. The timing certainly stinks."
— Tom Ellsworth , Influencer
"This is a breeding ground for corruption and exploitation."
— Andy Kim , Politician
"any implication that Administration officials are engaged in such activity without evidence is baseless and irresponsible reporting."
— Davis Ingle , Politician
"Corruption and exploitation are thriving right now within the gaps and loopholes of prediction markets."
— Andy Kim , Politician
"The only special interest that can guide President Trump's decision-making is the best interest of the American people."
— Engel , Executive
"Suggestions administration officials 'are engaged in such activity without evidence is baseless and irresponsible reporting.'"
— Davis Ingle , Politician
"Members of Congress and other government officials should be prohibited from using nonpublic information for financial benefit."
— Donald Trump , Politician
"President Trump has been crystal clear: while he seeks a strong and profitable stock market for everyone, members of Congress and other government officials should be prohibited from using nonpublic information for financial benefit."
— Davis Ingle , Politician
"President Trump has been crystal clear. While he seeks a strong and profitable stock market for everyone, members of Congress and other government officials should be prohibited from using nonpublic information for financial benefit."
— Davis Ingle , Politician
"Corruption and exploitation are thriving right now within the gaps and loopholes of prediction markets."
— Andy Kim , Politician
"any implication that Administration officials are engaged in such activity without evidence is baseless and irresponsible reporting."
— Davis Ingle , Politician
"Corruption and exploitation are thriving right now within the gaps and loopholes of prediction markets."
— Andy Kim , Politician
"President Trump has been crystal clear: while he seeks a strong and profitable stock market for everyone, members of Congress and other government officials should be prohibited from using nonpublic information for financial benefit."
— Donald Trump , Politician
"It’s highly unlikely that these are good-faith trades; it’s much more likely that these are insiders with access to information ahead of the public."
— Blake Moore , Politician
Key People
Adam Schiff is a Democratic senator from California.
Andy Kim is a U.S. Representative from New Jersey.
Blake Moore is a Republican Representative from Utah.
Davis Ingle is a White House spokesman.
Former president of the United States known for his aggressive economic policies.
Engel is a spokesperson for President Trump.
U.S. Senator from Utah.
Karoline Leavitt is the White House press secretary.
Former Speaker of the House known for her political activism.
The President of Venezuela, involved in a long-standing political crisis.
Richard Blumenthal is a U.S. Senator from Connecticut.
Ritchie Torres is a Democratic congressman from New York.
A Trump ally who criticized the situation on the Trump-friendly PBD Podcast.
Locations
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All Coverage
The platforms have grown in popularity, with some users making bets on global events.
White House aides received an email warning against using nonpublic information to place bets on prediction markets like Kalshi or Polymarket, emphasizing that such actions are criminal offenses and will not be tolerated.
An internal email from the White House Management Office warned staff against using insider information to place bets on prediction markets, following concerns over potential insider trading related to policy decisions.
The White House cautioned staff against improperly leveraging their positions to place bets in futures markets, following well-timed trades before President Trump's decision to pause strikes on Iran.
The White House sent an internal email warning staff against using confidential information to place trades on financial markets and event betting platforms, amid concerns over potential insider trading related to military decisions in Iran and Venezuela.
The White House issued a warning to staff against improperly leveraging their positions to place bets in futures markets, following well-timed trades before President Trump's announcement of a pause in strikes against Iran's energy infrastructure.
The White House cautioned staff against using confidential information to place trades on financial markets and event betting platforms, following profitable bets linked to President Trump's decisions on military actions in Iran and Venezuela.
The White House issued an internal warning prohibiting staff from using insider policy information to place bets in prediction markets, following suspicious trading activity before President Trump's announcement to suspend attacks on Iran.
The White House cautioned staff against improperly leveraging their positions to place bets in futures markets, following well-timed trades before President Trump's announcement to delay strikes on Iran's energy infrastructure.
An official confirmed that the White House cautioned staff against improperly leveraging their positions to place bets in futures markets, following concerns over well-timed bets preceding major policy decisions.
New accounts on the prediction market Polymarket placed large bets on a U.S.-Iran ceasefire before President Trump's announcement, raising concerns about potential insider trading.
The White House Management Office emailed staff to avoid using insider access for betting on prediction markets, amid concerns over well-timed trades related to the Iran conflict.
An internal memo from the White House Management Office cautioned staff against using insider information to place bets on prediction markets, referencing concerns over government officials using non-public information for financial gain.
The White House reportedly sent a staff-wide email warning against placing trades and bets using confidential information, amid concerns over potential insider trading related to prediction markets and oil futures.
The White House issued a clear warning to staff against using inside information for financial gain on prediction markets, following concerns over unusual trading activity tied to major global developments.
The White House has cautioned staff against using insider information to place bets on prediction markets, following reports of unusually well-timed trades related to global events like the Iran conflict.
An internal email from the White House Management Office advised staff against using insider information to place bets on prediction markets, following concerns about government officials profiting from nonpublic information.
The White House Management Office issued a warning to staff against placing well-timed bets on futures markets, following reports of suspicious trades related to the Iran conflict.
The White House issued a warning to staff about using insider knowledge to place bets on prediction markets, following suspicious trades before President Trump's announcement of a pause in strikes against Iran.
An email from the White House Management Office reminded staff that profiting from insider information through prediction markets is a serious offense, following concerns about government officials using nonpublic information for financial gain.
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