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White House says it warned staff against market bets amid Iran war
The warning followed reports of $760 million in oil futures trades and three Polymarket accounts that collectively won more than $600,000 on Iran bets.
- The White House Management Office warned staff members on March 24 against using nonpublic information to place bets on prediction markets regarding Iran, noting that misuse of such information is a criminal offense.
- Suspicious trading on oil futures occurred minutes before President Donald Trump announced a postponement of strikes on Iran's energy infrastructure on March 23, raising concerns about potential insider trading.
- Earlier this week, New York Democrat Rep Ritchie Torres urged Securities and Exchange Commission Chair Paul Atkins and Commodity Futures Trading Commission Chair Michael Selig to investigate, calling the timing "a statistical impossibility."
- On Friday, White House spokesman Davis Ingle dismissed reports of Administration officials insider trading as "baseless and irresponsible," stating federal employees are prohibited from using nonpublic information for private benefit.
- Platforms like Kalshi and Polymarket recently tightened insider trading rules as scrutiny increases over prediction markets, which have increasingly attracted wagers on geopolitical events including potential nuclear conflicts.
68 Articles
68 Articles
White House Warns Staff Against Insider Trading Using Iran War Information
WASHINGTON—As recent geopolitical events shake financial markets, some traders are making risky bets to profit from the volatility. In an email on March 24, the White House warned staff not to trade or place bets related to the U.S. war in Iran, including on prediction markets. The warning aimed to prevent any misuse of confidential information, the White House told The Epoch Times. “President [Donald] Trump has been crystal clear: while he seek…
Warning by email and viewed as an "opportunity memory" by an internal source. Trump's voice says no one would use privileged information. But suspects caused indignation — even to the nearest ones.
Unusual bets against Trump's announcements raise questions. The White House warns government officials not to use exclusive information for private business. The announcement does not come by chance.
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