REGULATORY · USA
California bars officials from using insider knowledge to bet on prediction markets
Change
Governor Gavin Newsom issued an executive order banning state officials from using insider knowledge to bet on prediction markets.
Why it matters
The executive order forbids state officials from placing wagers on prediction markets when they possess nonpublic government information, restricting their participation on platforms such as Polymarket and Kalshi. This blocks using government insider information to profit from those markets and requires state agencies to increase compliance and monitoring.
Implications · Who is affected · What to watch
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Source
Topics
Geopolitics & Conflict Governance Regulatory & Compliance Policy & Regulation Compliance