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News | Mail Online

Ferrari and Mercedes drivers are among 'brazen' motorists stealing £1.2m of petrol a week as fuel prices soar due to Iran war Mystery over how teens drove off M1 bridge in crash that killed the pair as images show how minibus was struck by car in thousand-to-one twist of fate Business implicated in the methanol poisonings that killed two Aussie backpackers claims it's been cleared Parents' fury that army's failure to notice their son had gone missing for two weeks may have cost him his life Putin's shadow fleet sailors can claim asylum if Britain seizes their ships in the English Channel, ministers fear 'We are now in a world war': Chilling prediction by billionaire US hedge fund founder Ray Dalio - and the cycle of events that has put us 'two steps from conflict between major global powers' A judge was told it 'WASN'T NECESSARY' for Julian to show his face in court. Then he murdered a mum, her unborn baby, friend and her aunt in a crime that appalled Australia Widow of British pensioner, 77, killed in Canary Islands bus crash was among the 27 passengers sent to hospital after suspected brake failure sent it plunging down ravine Woman died when she slipped from Good Samaritan's grip as he tried to save her from bridge fall after boyfriend row Bus surfing idiots risk their lives by clinging onto back of the Number 114 to avoid paying £1.75 fare Iran claims US has agreed to release frozen assets but Washington denies the move as JD Vance holds peace talks in Pakistan Coroner accused of stealing valuables from the dead pleads no contest Old interview comes back to haunt Albo as the fuel crisis continues to hit Aussies hard How trusting my late mum's financial adviser turned out to be the most catastrophic money decision I've ever made Aspiring California Governor Eric Swalwell apologizes to wife in video denying sexual assault claims as calls for him to quit mount New renderings show details of 250-foot tall 'Arc de Trump' set to tower over DC as president confirms he has officially submitted plans Queue jumpers, loud chewers and cups of tea going cold... researchers reveal the things Britons love to hate Keir Starmer's digital ID scheme mocked as 'ridiculous' after minister confirms it will be optional - and will not include a person's biological sex Senior health officials discuss banning doctors from going on strike in bid to stop long-running dispute Cocaine worth £256m and 'heavier than an adult RHINO' found stashed in banana boxes in one of UK's biggest ever hauls Starmer calls NATO 'the single most effective military alliance the world has ever known' after Trump's threatens to quit the bloc - but admits Europe must do more NASA's Artemis II astronauts send first messages and display surprising ability after moon mission 'It's a smart move': What a source close to the Trumps told me about why Melania dropped Epstein bombshell: CAROLINE GRAHAM We're sitting on a goldmine! North Sea oil hits record high. So WHY won't Red Ed drop his Net Zero madness and back new drilling to give Britain a boost? The US took out Iranian leaders and facilities with surgical precision - but the Islamic Republic is winning the propaganda war... with comedy Lego videos, writes DAVID PATRIKARAKOS Two teens die after car plunges from bridge and crashes into minibus on motorway - as families spend hours trapped in traffic following road closure Parish church magazine forced to apologise after poet offended woke readers with verses on illegal migrants, benefit scroungers and fat people Rachel Reeves is warned fuel tax raid will push thousands of businesses 'to the brink', ramp up food costs for households and stoke inflation Trump says Melania 'had a right' to talk about Epstein but admits he might have handled surprise statement differently Nancy Pelosi calls for married wannabe Newsom successor to abandon crumbling campaign over sexual assault claims
White House privately warned staff against insider tradin...
Jon Michael Raasch · 2026-04-11 · via News | Mail Online

Published: | Updated:

The prospect that insider traders are potentially making money on highly classified secrets from the heart of the Oval Office during the Iran war poses a glaring security and ethical question. And the White House has taken note. 

White House staff were warned last month that they should not wager on financial markets using non-public information, a White House official told the Daily Mail. 

Though it did not explicitly mention Iran, the notice came to the aides amid the conflict, indicating concern from senior White House officials that some within the administration could leverage their jobs to find an edge on betting platforms. 

Popular prediction market sites Polymarket and Kalshi have been hotbeds for gamblers trying to make a buck on anything from sports, to what words Donald Trump will say, to when US ground troops may or may not be deployed in Iran. 

Amid the surge in gambling and prediction markets have come suspicions that those in the highest echelons of the government are using private, potentially classified, information to beat the odds. 

The March 24 email to White House staff came as oil, stock and prediction markets all saw heightened volatility due to the war's minute-to-minute developments. 

Presidential announcements, like the proclamation of a ceasefire this week or the threat of bombing Iran's civilization into oblivion the days before that, have caused the markets to jerk and swing wildly. 

Before Trump delayed a deadline for Iran to re-open the Strait of Hormuz on March 23, billions of dollars of oil and stock futures moved hands, and experts have called for investigations into the fishy trades executed with abnormally good timing.

A White House memo was sent out last month warning staff to not use insider information to profit in financial markets 

Kalshi markets how it bans insider trading, a key concern among regulators

Polymarket, another prediction market site, boasts Donald Trump Jr. as an adviser

Some Trump critics have claimed that he's used his office to manipulate markets; they often cite his choice to make major announcements directly before the market opens or soon after it closes. 

Just minutes before Trump announced a temporary pause on strikes targeting Iran's energy sites at the end of March, billions of dollars starting flowing through the oil market.

Contracts for at least six million barrels of Brent and West Texas Intermediate crude were sold at around 6.50am on March 23 - roughly ten times the daily average.

At 7.05am, Trump dropped a bombshell on global markets as he said the US wanted to negotiate with Iran.

Oil prices dropped sharply, around 14 percent in a matter of minutes, and money flowed into the pockets of the early traders.

No Trump administration official has been implicated in any wrongdoing. 

And that's not the only time Trump has taken to Truth Social to tout certain stocks or to make a major statement before an official action.

Trump was ridiculed Friday for touting Palantir Technologies on his social media in which he included the stock ticker, prompting questions about who may have purchased the stock before the President celebrated it. 

Further, the President appears to at times walk back threats that roil markets negatively, a trading trend that has been dubbed TACO - Trump Always Chickens Out.

First son Donald Trump Jr. is an adviser to both Polymarket and Kalshi. 

On Polymarket users can wager on how many social media posts the President will make in a given week, or what words he will say during his speeches, or how long he will drone on for.

The White House has denied that any administration officials have misused nonpublic information for their own financial gain. 

'President Trump has been crystal clear: While he seeks a strong and profitable stock market for everyone, members of Congress and other government officials should be prohibited from using nonpublic information for financial benefit,' White House spokesman David Ingle said in a statement. 

'All federal employees are subject to government ethics guidelines that prohibit the use of nonpublic information for financial benefit. However, any implication that administration officials are engaged in such activity without evidence is baseless,' he added. 

Last month, a group of over 40 Democratic lawmakers signed a letter to call on Trump administration financial regulators to clarify restrictions on using inside information to make bets. 

Several proposals to ban Capitol Hill staffers from using the prediction sites have circulated in Congress, though none have been passed into law.