White House warned staff against Iran war bets on prediction markets
• The White House, in a March 24 email, warned staff not to make bets related to the U.S. war with Iran on prediction markets.
• Prediction market bets placed on the ouster of Venezuelan President Nicolás Maduro and on the Iran war have raised concerns that government officials could be profiting from insider trading.
• More than $500 million in crude oil futures trades reportedly were made in the roughly 15 minutes before President Donald Trump announced a pause in hostilities against Iran on March 23.
• Two Democratic senators, in a letter Friday to the chairman of the Commodity Futures Trading Commission, said the same pattern appears to have recurred Tuesday, “in the hours before President Trump announced a two-week ceasefire with Iran.”
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One Response
if its illegal, charge them. and if it isnt, pass legislation to make it illegal. but in the meantime, stern warnings are nothing but virtue signaling.