California governor signs an executive order prohibiting government officials from insider trading in prediction markets.

GateNews

2026-03-29 00:59:25

Gate News reports that on March 29, California Governor Gavin Newsom signed an executive order prohibiting government-appointed officials from profiting through insider trading in prediction markets using non-public information obtained during their official duties. The executive order specifies that publicly appointed officials cannot use “confidential or non-public information” to place bets on political or economic events related to their positions, and the ban extends to their spouses, family members, and former business partners. Newsom stated that public service should not become a tool for profit and that a clear boundary must be drawn between power and interests.

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