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
California Bars Officials From Prediction Market Insider Betting as . . . - California bans officials from using non-public info for prediction market bets via Newsom's executive order, targeting platforms like Polymarket and Kalshi - Federal lawmakers push PREDICT Act to prohibit political appointees from betting on elections government actions, citing conflict-of-interest risks