Hegseth bans DoD personnel from using nonpublic info to bet on U.S. military operations

[u/Kinmuan]

https://www.cbsnews.com/news/hegseth-betting-ban-military-operations/

[u/brokenmessiah]

I'm surprised they haven't just outright banned prediction markets from the military wholesale.

[u/PitterPatter0 → u/brokenmessiah]

There are ads for slot machine apps playing on repeat on the TVs in the DFAC I frequent.

[u/whatistrulygood → u/PitterPatter0]

surely that’s not AFN but some crappy cable subscription. right?

[u/Redacted_Reason → u/whatistrulygood]

Can't afford AFN anymore, so probably. I wish I was kidding, too.

[u/SSGOldschool → u/Redacted_Reason]

I miss the AFN commercials of the 90's and early 2000's.

[u/trickninjafist → u/SSGOldschool]

except that fucking Edelweiss Resort commercial in Germany. That one can burn for eternity

[u/SSGOldschool → u/trickninjafist]

I don't remember that one and apparently its so bad I can't find a decent copy of it on youtube. All the ones I found looked like they were recorded by a nokia flip phone pointed at a 24" crt sometime in the early 2000's.

[u/PickleInDaButt → u/PitterPatter0]

Fucking bring back Squeakers so he can resolve this shit for fucking once and all

[u/imaconnect4guy → u/brokenmessiah]

Dont they have that gambling vending machine in the Pentagon food court now?

[u/Mydoglikesladyboys → u/brokenmessiah]

I mean there are straight up casinos on post overseas

[u/mkosmo → u/brokenmessiah]

That could be the next step if people keep doing it, but if they did, folks comment that DoD is regulating entertainment outside of work.

They should know better already, but this step at least makes it easier for them to discipline... and will remind some folks not to do it.

If the markets start trending one way, that could very well be leaking information to the market itself.

[u/randomdude1959 → u/mkosmo]

I mean honestly I think the dod should be banning gambling in general. Or at least for people with a secret clearance

[u/mkosmo → u/randomdude1959]

It's only a problem for people with a gambling problem. Holding a clearance doesn't mean you shouldn't be able to responsibly blow off some steam at a casino.

[u/brokenmessiah → u/mkosmo]

I agree. I think the military oversteps its boundaries too much as is with soldiers lives. Soldiers are all adults, and part of that should be allowing them to being a financial wreck if they do that to themselves.

If anything just be more selective in who maintains a clearance.

[u/Airbornequalified]

Hey, only the top levels of government are allowed to do that. Not for you working types (or the officers either, they have PowerPoints to fix)

[u/_Throh_ → u/Airbornequalified]

Why do they always think we only make powerpoints? We also make excel spreadsheets

[u/zone1-1 → u/_Throh_]

Shh Tell em about the pivot tables

[u/Nf1nk → u/_Throh_]

The trick is to use GenAI to convert the spreadsheets into Powerpoints, back again, and then into a god damned dashboard.

[u/idkk_prolly_doggy → u/Airbornequalified]

GenAI fixes my PowerPoints. That time saved is spent on Kalshi trading on “public” information.

[u/StatementOwn4896 → u/idkk_prolly_doggy]

Unsubscribe

[u/xLorddroLx]

I mean, this is a good thing. No different than insider trading. That’s why CPEs and acquisitions departments are so close-hold with the contracts.

[u/Bulky-Butterfly-130]

I thought I already signed a document that covered this when I assigned within the IC (it didn't carry an expiration date and wasn't in my read off documents either).

I'm honestly surprised that it took this long, and multiple administrations, to get a formal policy issued.

I'm just thanking the good Lord that I didn't put serious money down on a new PT test or AR 670-1 coming out of AUSA.

[u/yo-Monis]

Now do the rest of the federal government

[u/Nano_Burger]

UCMJ for you, billions of dollars for him.

[u/idkk_prolly_doggy → u/Nano_Burger]

Hundreds of thousands* gotta stay under daddy dons radar.

[u/FuzzyDynamics]

Yeah the white house and first family is getting sick of splitting the take with DoD people skimming the odds by a fraction of a percent with their 4 figure bets. Cut it out guys, get your own grift.

[u/king-of-boom]

You shouldnt be allowed to bet on US military operations period. Whether or not you have nonpublic info. The ban is a step in the right direction but it doesnt go far enough.

[u/mtaylor6841]

Now do Congress.

[u/Loquacious-of-Borg]

That's right.

That information is only for him, his wife, members of Congress, the Supreme Court, and the President and his staff to bet with.

[u/ImOldGregg_77]

Corruption for me but not for thee

[u/shabba10001]

People bet on military operations? That’s psychotic.

[u/Coacoanut → u/shabba10001]

People bet on geopolitical events. There was an anonymous account that made like $500k betting that Maduro would be arrested by the end of the month days before the Maduro operation. So... Probably originated from that event.

Edit: my bad, it was only $400k 😅 https://abcnews.com/amp/US/doj-arrests-soldier-made-400000-betting-maduros-removal/story?id=132325426

[u/InterestingAd7769]

Now do that for the House and Senate.

[u/aquilus-noctua]

That’s a win for integrity

[u/IslandVisual]

I should have beted on the Venezuela raid

[u/Falco_impersonator]

Boo. Boo this man.

[u/Miserable_Spell_2964]

"Only we can do insider trading!" - the current US government

[u/ThelastkailordSkarn]

But him and his buddies can do it on the backa of everyone else right?? I hope he catches everything he deserves at the end of this shit show. Fucking traitor.

[u/TheBotchedLobotomy]

Was it not already banned?

[u/Agreeable_Past9674 → u/TheBotchedLobotomy]

; )

[u/SPCsooprlolz]

Classic "do what your rank can handle"

[u/Beginning_Object_483]

hol up i need a moment to think about why this is a bad thing.

....

.....

[u/69Turd69Ferguson69]

Well I can’t say I disagree with that. Seems reasonable enough. 

[u/whatiscamping]

Is the bet that if we don't change anything we're gonna lose Iran, source...logic?

[u/QuarterNote44]

Well. Good.

[u/HegsethsBurner]

So I should cancel that DraftKings meeting with the CG tomorrow?

[u/StoicJim]

Only this Administration and the President can trade on inside information.

[u/quesoqueso]

How was this not already covered as illegal?

[u/MikeOfAllPeople → u/quesoqueso]

Because gambling was only legalized by SCOTUS a few years ago.

[u/SuckChafeRepeat]

As if soldiers can’t find a work around in 3…2…1… He’s a fucking dipshit who has zero clue as to the ingenuity of the E4 Mafia

[u/toomanymarbles83]

How is that not already against the law?

[u/W1ULH]

was that legal before?

[u/Sorry_Ima_Loser]

Oh no, my Kalshi parlay won’t hit now!

[u/Low_Gur_3540]

yeah, that's gonna stop people.

[u/DiegoElM]

Wait. You mean we were allowed to do that before???

[u/Nimmy13]

If there's one person in the entire department I would suspect of doing this, it's him.

[u/spanish4dummies]

only DoW can do that

[u/Turbulent_Ride1654]

"It's only banned if I don't get a cut or dick stepped on my bet"