The White House Management Office sent out an email on March 24 warning staff against placing well-timed bets on futures markets.
White House staffers received an email following well-timed trades on oil and S&P 500 activity, the Wall Street Journal (WSJ) first reported. The bets were placed just 15 minutes before the president announced on Truth Social that he would postpone strikes on Iran, the WSJ reported.
Three Polymarket accounts recently earned upwards of $600,000 after correctly placing bets on the timing of a cease-fire between the U.S. and Iran in April, according to the outlet. (RELATED: Person Made Hundreds Of Thousands Betting On Maduro Capture, Spurring Congressional Crackdown)
The White House sent a staff-wide email that warned against placing well-timed bets in futures markets after Donald Trump announced that the US would postpone plans to escalate strikes on Iran https://t.co/NFNmwVrB1R
— Bloomberg (@business) April 10, 2026
There is no proof that White House staffers, or others in the administration, are placing politically informed bets on the platform, the WSJ added.
White House spokesman Davis Ingle provided a statement to the Daily Caller.
“President 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,” Ingle stated. “The only special interest that will ever guide President Trump is the best interest of the American people.”
A White House official confirmed the email to the Caller.
Democratic New York Rep. Ritchie Torres sent a letter Thursday to the Commodity Futures Trading Commission (CFTC) urging members to investigate suspicious trades.
“The use of newly created wallets, combined with the precision and timing of these trades, raises serious red flags,” the letter stated. (RELATED: Gambling Is Turning America Into A Degenerate 24/7 Sportsbook)
The bets made on April 7 predicting the cease-fire with Iran came from newly created accounts, the Associated Press (AP) reported.
Republican Utah Rep. Blake Moore announced legislation in March to regulate prediction markets.
“It’s highly unlikely that these are good-faith trades; it’s much more likely that these are insiders with access to information ahead of the public,” he said in a statement, the AP reported. “Without some kind of restrictions, there is nothing stopping government or military officials from profiting from their positions.”
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