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Event Brief

Hegseth memo warns troops against betting on operations

Defense Secretary Pete Hegseth issued a memo on Oct. 20 warning troops against using military information for gambling or prediction-market bets. Federal rules already bar government personnel from profiting from inside information gained at work; the memo explicitly mentions bets on military operations.
WHO: Defense Secretary Pete Hegseth
WHAT: Issued a memo warning troops against using military information for gambling and prediction-market bets.
WHEN: Oct 20, 2026
WHERE: USA
WHY: The memo addresses the use of military information for gambling or prediction-market bets, which federal rules already prohibit when personnel use inside information gained at work to make money.

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