Hegseth warns prediction market bets warp military judgment, endanger troops

Defense Secretary Pete Hegseth issued a memo warning military personnel against using nonpublic information to make bets on prediction markets, saying the wagers could give important clues to enemy countries.

"Do Not Compromise Military Operations for Personal Financial Gain," said the subject line of an October 20 memo published yesterday by CBS News. Hegseth's memo was sent to senior Pentagon leadership, Combatant Command leaders, and Defense Department field activity directors.