Gov. Katie Hobbs Bans Government Workers From Using Insider Info on Prediction Markets

Hobbs bars Arizona state employees from using government info to bet on prediction markets

The Commodity Futures Trading Commission sued Arizona on April 2, 2026, alleging the state is violating federal law by trying to regulate Kalshi and other online prediction markets. (Photo by Jim Small/Arizona Mirror)Gov. Katie Hobbs issued an executive order Thursday prohibiting state employees from using nonpublic government information to make bets on prediction markets in light of revelations that classified military information has been use…

Gov. Katie Hobbs bans government workers from using insider info on prediction markets

Hobbs has signed an executive order prohibiting executive branch employees are prohibited from using nonpublic information to make bets.

Arizona Governor Issues Executive Order Prohibiting Insider Trading on Prediction Markets

Arizona Gov. Katie Hobbs (D) today signed an executive order to prohibit state employees from disclosing or using nonpublic information to participate in the prediction markets. Executive order 2026-02 officially prohibits Arizona state executive branch employees from using nonpublic government information to profit, avoid financial loss, or assist others in profiting on prediction markets. “Arizonans … Continued The post Arizona Governor Issues…