Insider trading over US-Iran war? White House sends warning to staff, asks officials not to bet on prediction markets
New Delhi, April 10 -- The Whit House has sent an internal email to its staff, warning them against improperly using their positions to place bets in the futures market, Reuters and Bloomberg reported on Thursday.
The email issued on 24 March came a day after US President Donald Trump issued a brief pause on some Iran strikes. It advised employees against placing trades on financial markets and fast-growing event betting platforms.
The warning comes at a time when a series of well-timed and profitable bets preceded major decisions taken by Trump especially on Iran and Venezuela, raising questions on the scope of insider trading linked to sensitive information.
"While he (Donald Trump) seeks a strong and profitable stock market for ever...
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