Prohibits Department of Defense personnel from using prediction markets when they possess material nonpublic information.
The Honesty and Trust in Service Act mandates the Department of Defense to issue regulations within 180 days of enactment, prohibiting members of the Armed Forces and civilian employees from participating in prediction markets if they possess material nonpublic information. The regulations must also outline penalties for violations. This law aims to maintain integrity and prevent insider trading within the Department of Defense.
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