U.S. Defense Bill Proposes Ban on Insider Betting in Prediction Markets

A draft defense authorization bill from the U.S. House Armed Services Committee aims to prevent U.S. military and Department of Defense personnel from using non-public information for betting on prediction markets. According to NS3.AI, this proposal comes in the wake of an indictment related to a significant bet on Polymarket, which occurred prior to an operation targeting Venezuelan President Nicolas Maduro.