Arizona governor bars state employees from using confidential information on prediction markets
Arizona Governor Katie Hobbs announced an executive order barring executive-branch employees from using or disclosing non-public government information to profit from prediction markets or help others do so. The order classifies relevant information obtained through public service as confidential, with violators liable to dismissal and referral to law enforcement; Hobbs urged other state officials and branches to adopt similar rules.
The order creates employment and law-enforcement consequences for Arizona executive-branch staff using confidential information in prediction markets.