As recent geopolitical events shake financial markets, some traders are making risky bets to profit from the volatility.
In an email on March 24, the White House warned staff not to trade or place bets related to the U.S. war in Iran, including on prediction markets.
The warning aimed to prevent any misuse of confidential information, the White House told The Epoch Times.
“President [Donald] Trump has been crystal clear: while he seeks a strong and profitable stock market for everyone, members of Congress and other government officials should be prohibited from using nonpublic information for financial benefit,” Davis Ingle, White House spokesman, said in an email.
The warning was in line with government ethics guidelines that prohibit the use of nonpublic information for trading activity, he said.
Ingles added that “any implication that administration officials are engaged in such activity without evidence is baseless and irresponsible reporting.”
Hellbound and Down 