New Delhi, Feb. 13 -- Two Israelis have been charged with using classified military information to place bets on how future events will unfold, Israeli authorities said Thursday, accusing the individuals of "serious security offenses."

A joint statement by the Israeli Ministry of Defense, domestic security service Shin Bet and police said that a civilian and a reservist are suspected of placing bets on the U.S.-based prediction market Polymarket on future military operations based on information that the reservist had access to.

Israel's Attorney General's Office decided to prosecute the two individuals following a joint investigation by police, military intelligence and other security agencies that resulted in several arrests. The two ...