USCBS NewsTHU 22 OCT 2026 / 2:21 PM CDT

Hegseth bans use of nonpublic info for bets on U.S. military ops

Washington — Defense Secretary Pete Hegseth has banned Defense Department personnel from using nonpublic information to bet on U.S. military operations, according to a memorandum obtained by CBS News.

In the Oct. 20 message to senior Pentagon leadership and combatant commanders, Hegseth said the prohibition would apply to classified and unclassified information and specifically includes prediction markets such as Polymarket and Kalshi, which are named in the memo.

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Hegseth bans use of nonpublic info for bets on U.S. military ops

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