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Illinois governor bars state workers from using inside information on prediction markets

Regulation

Illinois Governor JB Pritzker issued an executive order on 21 April barring state employees and officials from using confidential information to bet on event-based platforms or sharing it to help others profit. The order applies to agency staff, appointed officials and board members, according to a report citing the governor’s office.

The order sets explicit conduct restrictions for state personnel participating in or influencing prediction-market bets.

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Regulation

Minnesota governor bars state employees from prediction-market trading

Minnesota Governor Tim Walz signed an executive order barring state agency employees from using confidential or non-public work information to participate in prediction markets. The prohibition applies whether or not an employee makes a profit, and violations may lead to discipline, including dismissal. The order follows a federal judge’s preliminary injunction blocking implementation of a state law banning prediction markets.

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