the entire point of the argument is that they're the same people. Military bets appear to have significantly higher rates of insider trading than baseline[1], which implies two things, both catastrophic. One is that the markets leak classified information (which is the entire point of the market and it should be a national security no brainer to close it for that reason alone) but the even worse scenario is causality in the other direction, that a bet leads someone to take a military decision.
[1]https://www.coindesk.com/markets/2026/04/30/polymarket-s-mil...