National Economic Council Director Kevin Hassett highlighted the practical use of prediction markets while noting that the U.S. currently has no plans to tap the Strategic Petroleum Reserve, with military and private sector preparations underway for shipping security and tariff management.
Kevin Hassett, Director of the White House National Economic Council, stated that prediction markets have functional applications in forecasting economic and political outcomes. He also noted that the U.S. will not discuss using the Strategic Petroleum Reserve in the near term, while military forces are planning shipping security measures and private firms will handle tariff refund arrangements.