Governor Newsom strengthens bans on insider betting by state officials . . . SACRAMENTO – Governor Gavin Newsom today issued an executive order expanding on statewide bans preventing California state officials from using insider knowledge to profit, or assist another person in profiting, to apply to prediction markets — an emerging financial industry that allows users to bet on real-world events, including government actions, wars, and economic decisions The ban
CA Governor Bans Officials From Prediction Market Insider Trading The California governor issued an executive order Friday that bans gubernatorial appointees from using nonpublic information to purchase contracts on markets offered by platforms like Kalshi and
California Bans Public Officials from Prediction Market Bets California Governor Gavin Newsom has acted to stop public officials from using confidential information for personal gain On March 27, 2026, he signed Executive Order N-4-26, which bans state appointees from betting on prediction markets using non-public knowledge