California has banned public officials from using insider information to bet on prediction markets.
California Bans Officials from Using Non-Public Info in Prediction Markets
California is tightening the rules for public officials. Governor Gavin Newsom signed an executive order on March 27th—N-4-26—that bars appointed officials from using non-public information gained on the job to profit in prediction markets.
The ban also covers helping spouses, children, or other related parties do the same. Why the move? Recent cases have popped up involving insider trading in prediction markets tied to geopolitical events. That caught regulators' attention. The state says the goal is to strengthen ethics, protect public trust, and keep officials focused on the public good.
|
DISCLAIMER:
1. All content on this website (including but not limited to articles, data, charts, and analyses) is for general informational purposes only and does not constitute any form of investment advice, trading recommendation, or financial guidance. 2. Cryptocurrencies and digital assets are subject to extreme price volatility and high investment risk; you may lose part or all of your principal. Past performance does not predict future results. 3. The information on this website is based on sources we believe to be reliable, but we do not guarantee its accuracy, completeness, or timeliness. Any investment decisions made based on this website’s information are at your own risk. 4. We strongly recommend that you conduct your own thorough research and consult an independent, licensed financial advisor before making any investment decisions. |
Recommended reading
Latest News
