Last month, White House employees received a warning not to wager in prediction markets using insider knowledge. The Wall Street Journal was the first to publish that the email was sent to employees on March 24, one day after US President Donald Trump declared a five-day hold on his threat to attack Iranian energy infrastructure and power facilities.
It alluded to news stories that expressed worries about public servants utilizing confidential information to wager on sites like Polymarket or Kalshi. The BBC was informed by White House spokesman Davis Ingle that “any implication that Administration officials are engaged in such activity without evidence is baseless and irresponsible reporting.”
Government ethics rules that forbid using insider information for financial advantage apply to all federal employees, according to Ingle.The best interests of the American people are the only special interest that will ever direct President Trump, he said.
Kalshi and Polymarket have been contacted by the BBC for comment. In January, Polymarket came under fire after a gambler made about $500,000 on the capture of Nicolás Maduro, the president of Venezuela, shortly before it was formally confirmed.
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