BlockBeats news, April 10th, according to a WSJ report, just hours after U.S. President Trump abruptly announced a suspension of attacks on Iran last month, the White House warned staff against abusing authority to place bets by timing the market in prediction markets. Sources familiar with the matter revealed that the White House Office of Management issued this warning on March 23rd.
Earlier that day, Trump announced the decision to halt airstrikes via Truth Social. Approximately 15 minutes before the sudden policy shift, a mysterious surge in trading activity occurred in the futures market; Dow Jones Market Data showed that within less than two minutes, oil futures contracts worth over $760 million changed hands.
More recently, three accounts on the Polymarket platform profited over $600,000 by accurately predicting the timing of this week’s Iran ceasefire. Critics of Trump, including many Democrats, immediately inferred that someone had exploited advance knowledge of the policy change for profit.
The White House confirmed the authenticity of the warning, with Trump’s spokesperson Ingle stating: ‘The only special interest that can guide President Trump’s decisions is the best interest of the American people.’
