White House Warns Staff Against Insider Bets on Prediction Markets

White House staff were emailed on March 24 to avoid using nonpublic government information to place bets on online prediction markets like Kalshi or Polymarket, with officials warning that such activity is a criminal offense and a serious ethics violation; staff are advised to consult the White House Counsel’s Office if they have questions, a move that followed media coverage and White House statements emphasizing that trading on nonpublic information will not be tolerated.