Profiting over $1 Million, U.S. Service Member Accused of Betting on Military Actions Faces Potential Prosecution

Odaily News: Federal authorities are preparing to bring charges against a U.S. service member suspected of wagering over $1 million on military operations through prediction markets. The service member, who has been under scrutiny since spring, placed bets related to military strikes against Iran and Venezuela. This case is one of several investigations into service members involved in trading war contracts, with related contracts covering the timing and outcomes of military operations. The U.S. is also investigating a KPMG employee suspected of wagering that a company's performance would exceed market consensus expectations.