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California Bans Officials From Using Inside Knowledge to Bet on ...
Gov. Newsom's order prohibits appointees and their families from profiting on prediction markets using insider information amid concerns of unethical wagers.
10 Articles
10 Articles
California Bans Officials From Using Inside Knowledge to Bet on Prediction Markets
California Governor Gavin Newsom on Friday issued an executive order barring state officials from using insider knowledge to bet on prediction markets like Polymarket and Kalshi. The move comes amid concerns that government officials could use inside information to profit from such markets after an unknown trader made more than $400,000 betting that Venezuelan President Nicolas Maduro would be ousted from his position ahead of a U.S. mission to …
California bans state officials from prediction markets betting
SACRAMENTO, Calif. — California banned state officials from making bets on prediction markets like Kalshi and Polymarket after Gov. Gavin Newsom signed an executive order Friday. The executive order, which took effect immediately, bars ...
Hard Hand in California. Governor Gavin Newsom signed an executive order prohibiting designated state officials from using insider information to bet on predictive markets. Newsom used his social media to confirm the bill, ensuring that they will not tolerate acts of corruption that compromise the integrity of state processes. I’m following an executive order banking California state officials from using inside information to place bets, includi…
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