Friday, April 10, 2026

Joke of the Day: Prediction Markets

White House staff were warned last month not to use insider information to place bets on predictions markets.

The email was sent to staff on 24 March, a day after US President Donald Trump announced a five-day pause on his threat to attack Iranian power plants and energy infrastructure.

It referred to press reports that raised concerns over government officials using non-public information to place bets on platforms like Kalshi or Polymarket.

White House spokesman Davis Ingle told the BBC that "any implication that Administration officials are engaged in such activity without evidence is baseless and irresponsible reporting."

The Wall Street Journal first reported the email on Thursday.

Ingle also said that all federal employees are subject to government ethics guidelines that prohibit the use of insider information for financial gain.

"The only special interest that will ever guide President Trump is the best interest of the American people," he added.

The BBC has contacted Kalshi and Polymarket for comment.

by Osmond Chia, BBC |  Read more:
Image: via
[ed. That's some weapons-grade PR spin right there. Of course they know who placed those bets. Despite current directors, the FBI and CIA aren't stupid. They just don't want it to be too obvious.]