State Department memo warns US diplomats not to use confidential information to place bets

U.S. diplomats have been warned against using confidential information to place bets on gambling websites amid increased wagering on U.S.-Iran negotiations. An internal State Department memo highlighted concerns about officials exploiting nonpublic information for financial gain. This warning followed a case where a soldier allegedly made over $400,000 by betting on political events using classified info. The rise of online prediction markets is raising national security concerns. Some lawmakers are calling for stricter regulations as recent bets on significant political events have yielded substantial profits for certain individuals.