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North Carolina governor bars state officials from using insider information in prediction markets

Regulation

North Carolina Governor Josh Stein signed an executive order barring state officials from using non-public information obtained through their work to bet on prediction markets. Stein said he had no reason to believe officials were already making such bets; the order supplements existing state ethics law, while lawmakers have introduced a bill to ban prediction-market operations in the state.

Prediction-market operators and state officials face a new restriction on the use of work-related confidential information in bets.

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