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๐ฅThe White House warns staff not to use insider policy information to bet in prediction markets
According to WSJ, on April 10, the White House warned staff not to abuse their authority to place bets at opportune moments in prediction markets.
Sources familiar with the matter revealed that the White House Management Office issued this warning on March 23.
Earlier that day, Trump announced a pause on airstrikes against Iran via Truth Social.
About 15 minutes before the policy shift, there was a period of active trading in the futures market, with Dow Jones market data showing that oil futures contracts worth over $760 million changed hands in less than two minutes.
Recently, three accounts on the Polymarket platform profited over $600k by accurately predicting the timing of Iranโs ceasefire.
Trump critics speculate that someone exploited advance knowledge of policy information for profit.
The White House confirmedโฆ