White House Internal Warning: Staff Prohibited from Using Policy Insider Info for Predictive Market Betting
BlockBeats News, April 10th, according to WSJ report, just hours after U.S. President Trump suddenly announced the suspension of an attack on Iran last month, the White House warned staff not to abuse their power by betting on the timing in prediction markets. According to informed sources, the White House Office of Management issued this warning on March 23rd.
Earlier that day, Trump announced the decision to suspend the airstrike via Truth Social. About 15 minutes before the sudden policy shift, there was a surge of mysterious trading activity in the futures market. Dow Jones market data shows that in less than two minutes, oil futures contracts worth over $760 million changed hands.
Recently, three accounts on the Polymarket platform profited over $600,000 by accurately predicting the time of Iran's ceasefire this week. Trump critics, including many Democrats, immediately inferred that someone had profited from knowing about the policy shift in advance.
The White House confirmed the authenticity of this warning, Trump's spokesperson Ingel said: "The only special interest guiding President Trump's decisions is the best interest of the American people."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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