Federal authorities are preparing to bring charges against a U.S. service member accused of betting on military action in prediction markets and making more than $1 million in profit. The individual has been under scrutiny since the spring and allegedly placed wagers tied to military strikes involving Iran and Venezuela. The matter is part of a broader set of investigations into service members who traded war-related contracts tied to the timing and outcome of military operations. Separately, U.S. authorities are also investigating a KPMG employee accused of betting that a company’s results would come in above what the broader market expected. The report was cited by Odaily.
Federal authorities are preparing to charge a U.S. service member accused of betting on military action in prediction markets and making more than $1 million in profit, according to Odaily.
The service member has been under scrutiny since the spring and allegedly placed wagers tied to military strikes involving Iran and Venezuela.
The case is one of several investigations involving service members who traded war-related contracts. Those contracts were tied to the timing and outcome of military operations.
U.S. authorities are also investigating a KPMG employee accused of betting that a company’s results would exceed broader market expectations.
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