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California governor bars state officials from insider trading on prediction markets

Regulation

California Governor Gavin Newsom signed an executive order barring state officials from using insider information to profit from prediction-market trading or help others do so. His office cited reports of people with federal government knowledge placing well-timed bets ahead of administration actions; the order applies to California officials.

The order sets a restriction on prediction-market trading by California state officials.

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Regulation

North Carolina governor bars executive employees from insider prediction-market bets

North Carolina Gov. Josh Stein signed an executive order barring state executive-branch employees from using confidential information to bet on prediction markets. The order covers executive agencies, boards and commissions, but excludes the legislature, judiciary, Council of State agencies and University of North Carolina System; Stein said he had no evidence of state employees doing so.

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