New York governor bars state employees from insider trading on prediction markets
New York Governor Kathy Hochul signed Executive Order No. 60, barring covered state officers and employees from using nonpublic information gained through official duties to profit from prediction markets. Violations may result in dismissal, sanctions or referral to law enforcement or ethics authorities, and public authorities must adopt internal policies.
Prediction-market operators and public authorities must account for new restrictions and enforcement consequences in New York.