Hegseth warns troops they could face criminal charges over this activity

NewsThe prediction market app Polymarket is displayed on a mobile phone, April 16, 2026, in Chicago. (AP Photo/Erin Hooley, File)AP Photo/Erin HooleyBy Kayode Crown | kcrown@al.comTroops could face serious consequences if they use nonpublic information to place bets or participate in prediction markets like Polymarket and Kalshi, Defense Secretary Pete Hegseth said in an Oct. 20 memo first obtained by CBS.The memo titled, “Do Not Compromise Military Operations for Personal Financial Gain,” said the prohibition applies to the use of classified or unclassified information, either directly or indirectly through a third party.Hegseth said violators could face administrative, disciplinary and even criminal action under the Uniform Code Of Military Justice and applicable federal law. “Our enemies watch movements in these markets,” the defense chief wrote. “When an American Service member, intelligence professional, Or Other Department civilian engages in a financial transaction on a military outcome, they create a signal.”He said the signal can be used to anticipate movements, targets and timing, while also warning that financial stakes can warp judgment.“That is precisely the kind of dilution of the warrior ethos this Department has strived to eradicate under this administration,” he added. “We are restoring lethality, discipline, and singular focus on fighting and winning our Nation’s wars, and nothing should distract us from that sacred mission. Not entertainment. Not a payout. Every member of this Department will conduct themselves accordingly.” Kayode Crown covers trending news and national stories, with a focus on money, federal benefits, military contracts, space news, collectibles and government programs that affect readers across the country. He...